AU Optronics announced FY17 Q1 result with consolidated sales of NT$88.5 billion ($2.9 billion) and net profit of NT$9.5 billion ($313.5 million), resulting in a net profit margin of 10.7 %. The sales took a slight fall of 3.3% on quarterly basis but net profit increased by 5.7% on the same basis making FY17 Q1 the most first profitable quarter since 2009. The quarterly EBITDA margin was 24.9%.
Despite being a traditionally slower season, consumer demand remained strong and the panel prices also increased marginally. In FY17 Q1, large-sized panel shipments totalled 27.2 million units, down by 3.8% on quarterly basis. Shipments of small-and-medium-sized panels were around 36.4 million units, up by 1.9% on quarterly basis.
