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Earthquake Continues to Affect Innolux

innolux

Innolux’s February revenues were down 21.1% MoM and 38.9% YoY, which is believed to be due to a combination of the February earthquake (Earthquake Rocks Taiwan Production Base) and Chinese New Year holiday. Revenues were NT$16.6 billion ($505 million).

6.7 million large-size panels were shipped in February: a fall of 19.3% MoM. Small-and-medium unit shipments were down 34% MoM, to 12.2 million. Production in the earthquake-affected business park is still recovering.