Arab Today, arab today taiwan\s chimei posts 450 mn loss in q2
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Taiwan\'s Chimei posts $450 mn loss in Q2

Arab Today, arab today

Arab Today, arab today Taiwan\'s Chimei posts $450 mn loss in Q2

Taipei - AFP

Taiwan\'s Chimei Innolux Corp, a leading flat screen maker, said Thursday it posted more than $450 million in losses in the three months to June, in a sign of the woes hitting the industry globally. The company, affiliated with Taiwan\'s tech giant Hon Hai Precision, said its loss in the second quarter of Tw$13.01 billion ($451.8 million) was due to weak global demand and falling prices. Although the figure was slightly lower than a Tw$13.8 billion loss seen in the first quarter, it was wider than expected, analysts said. \"I had previously forecast a loss of around Tw$10 billion for the company. This was a surprise,\" Wayne Lin of Concord Securities told AFP. The hardest hit was a six-percent decline in the average selling prices of large liquid crystal display panels, which are used in TV sets, notebooks and monitors and account for 80 percent of the company\'s revenues, he said. The selling prices of small panels fell an average of 13 percent the three months, he said. The worse-than-expected performance reflected problems also afflicting Chimei\'s competitors, and analysts said the odds of the sector regaining momentum during the coming quarter was low. \"The demand was weak as its major export markets like the United States and Europe struggled in the face of a severe slowdown,\" Lin said. Another leading Taiwanese flat-screen maker AU Optronics Corp said last week that it posted a net loss of Tw$10.77 billion in the second quarter, the third consecutive quarterly loss for the company.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan\s chimei posts 450 mn loss in q2 Arab Today, arab today taiwan\s chimei posts 450 mn loss in q2

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan\s chimei posts 450 mn loss in q2 Arab Today, arab today taiwan\s chimei posts 450 mn loss in q2

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday