AU Optronics Corporation announced its consolidated financial results for the first quarter of 2018. Consolidated revenue for the first quarter 2018 was NT$74.44 billion ($2.51 billion), down by 16%, compared to NT$88.55 billion ($2.98 billion) in Q1 2017. The net loss for the first quarter 2018 was NT$4.02 billion ($135 million), down by 57.3%, compared to a profit of NT$9.43 billion ($318 million) in Q1 2017.
Comparing the first quarter 2018 with the previous quarter, revenues decreased by 7.8% (from $2.72 billion to $2.51 billion) due to continued decline in panel pricing and the appreciation of the New Taiwan dollar against the US dollar.
In Q1 2018, large-sized panel shipments totaled 28.58 million units, down slightly by 0.2% quarter-over-quarter and up by 5% year over year. Shipments of small-and-medium-sized panels in the same quarter were around 46.57 million units, down by 0.8% quarter-over-quarter and up by 27.8% year-over-year.
