This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AU Optronics Corp. Reports 1Q2013 Financial Results

HSINCHU, Taiwan, April 30, 2013 /PRNewswire/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investors conference and announced its unaudited earnings results for the first quarter of 2013 (1).

Consolidated revenue in the first quarter of 2013 was NT$94,244 million ( US$3,161 million) (2), down 5.2% from the previous quarter. Gross profit was NT$4,548 million ( US$153 million), with the gross margin of 4.8%. Operating loss was NT$1,361 million ( US$46 million), with the operating margin of -1.4%. AUO's net loss for the first quarter of 2013 was NT$3,320 million ( US$111 million). Net loss attributable to owners of Company was NT$3,173 million ( US$106 million), or a basic EPS of - NT$0. 36 (- US$0.12 per ADR).

1 Q20 13 Result Highlights

AUO's unaudited consolidated results for the first quarter of 2013 were highlighted as below:

  • Revenue was NT$94,244 million, down 5.2% quarter-over-quarter
  • Net loss was NT$3,320 million
  • Basic EPS was - NT$0. 36
  • Gross margin was 4.8%
  • Operating margin was -1.4%
  • EBITDA (3) margin was 16.3%

In the first quarter of 2013, shipments for AUO's large-sized panel shipments reached around 27.0 million units, down by 13% quarter-over-quarter. Shipments for small and medium-sized panels were around 30.7 million units, down 18.5% quarter-over-quarter.

Looking back to the first quarter, AUO's display segment dispelled the gloom and turned profitable at the operating level despite the traditional slow season. On the back of product mix improvement and yield enhancement, for the display segment, the company reported positive operating margin with EBITDA margin increased to 17.5%. AUO not only had critical breakthroughs on the yield of tablet panels and also had at least doubled its tablet panel shipments sequentially. Also, the Company's UHD 4K TV panels have been well recognized by the leading international brands and mass production has smoothly commenced in the first quarter. On the other hand, for the solar segment, the market and product differentiation that gradually evolved has helped to boost the demand and price of the high-efficiency products. In addition, with the Company's constant efforts to work down the operating expenses, its loss for the solar segment has further improved. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,072.90 -159.12 -0.87%
S&P 500 2,110.51 -15.55 -0.73%
NASDAQ 5,039.9080 -49.4540 -0.97%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs