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AUO reports net loss in fourth quarter
Central News Agency
2013-02-06 04:33 PM
Taipei, Feb. 6 (CNA) Taiwanese flat-panel maker AU Optronics Corp. (AUO) reported Wednesday a net loss for the fourth quarter of 2012 due to asset impairment losses and expenses incurred over anti-trust cases. The world's No. 4 maker of liquid crystal displays reported a net loss of NT$13.17 billion (US$453 million) for the quarter, slightly less than the NT$16.48 billion recorded in the previous quarter. Its consolidated revenue in the fourth quarter was NT$99.4 billion, down 3.3 percent from the previous quarter, with an operating loss of NT$4.8 billion. The Hsinchu-based company said it suffered about NT$4.3 billion-worth of asset impairment losses and roughly NT$3.3 billion in anti-trust-related expenses and losses in the fourth quarter. In the October-December period, AUO's large panel shipments reached around 31 million units, down 6.7 percent from the third quarter, while its shipments for small-and medium-sized panels dropped by 10.8 percent quarterly to 37.6 million units. (By Jeffrey Wu)
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