Innolux announced FY17 Q1 result with consolidated revenue of NT$ 86 billion ($2.8 billion) and net profit of NT$ 11.9 billion ($390 million), resulting in a net profit margin of 13.8%. Revenue increased by 52% on a yearly basis while the net loss of $8.5 billion ($290.0 million) in FY16 Q1 has been turned into a net profit in the current quarter.
The company shipped 6.8 million square meters of panels in FY17 Q1, a decrease of 8.1% on a quarterly basis while the blended area ASP for TFT-LCD panels averaged $399 per square meter. Small and medium-sized panel revenue amounted to NT$ 16.9 billion ($558.0 million) in the quarter, an increase of 0.6% on quarterly basis.
