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AU Optronics Corp. Reports 3Q2011 Financial Results

Stocks in this article: AUO

HSINCHU, Taiwan, Oct. 25, 2011 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ( " AUO " or the " Company " ) (TAIEX: 2409; NYSE: AUO) today held its investors conference and announced its unaudited results for the third quarter of 2011(1).

AUO posted consolidated revenue of NT$98,927 million ( US$ 3,249 million)(2), up 0.9% from the previous quarter. Gross profit was at - NT$9,142 million (- US$ 300 million), with the gross margin of -9.2%. Operating loss was at NT$16,818 million ( US$ 552 million), with the operating margin of -17%. AUO's net loss for the third quarter was at NT$15,796 million ( US$ 519 million). Net loss attributable to equity holders of the parent company was NT$15,810 million ( US$ 519 million), with basic EPS of - NT$1.79 per common share (- US$0.59 per ADR).

3 Q20 1 1 Result Highlights

AUO's unaudited consolidated results for the third quarter of 2011 were highlighted as below:

  • Revenue of NT$98,927 million, up 0.9% quarter-over-quarter
  • Net loss of NT$15,796 million
  • Basic EPS of - NT$1.79 per common share
  • Gross margin of -9.2%
  • Operating margin of -17%
  • EBITDA(3) margin of 5.6%

In the third quarter of 2011, shipments for AUO's large-sized panels reached around 29.7 million units, up slightly by 0.2% quarter-over-quarter.  Shipments for small and medium-sized panels were around 52 million units, up 14.4% quarter-over-quarter.

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