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Innolux Suffers through Another Losing Quarter
August 12, 2019
 
Innolux reported a net loss of NT$2.97 billion (US$95.57 million) for Q219, the company's third straight quarterly loss. The figures were an improvement from a loss of NT$3.73 billion seen a quarter earlier. In the second quarter, shipments of flat panels totaled 7.26 million square meters, up 3.5% sequentially, with ASP edging up US$3 to US$279 per square meter, it said. Shipments of small/medium-size panels reached 6.056 million square meters valued at NT$14.6 billion, up 15% and 9.5% on quarter, respectively. The outlook for large panels was flat in the third quarter sequentially, down Y/Y with ASP to drop slightly, the company said. Small/medium panels are likely to drop by a single-digit rate in the quarter with a slight improvement in ASP.