Hannstar Display Result 2/11/2014

By Bob Raikes
hannstar
subscribe

Hannstar Display Corporation announced turnover in Q3 of NT$5.6 billion ($183 million), down 32.8% year on year from NT$8.4 billion ($274.6 million). The company reported a net loss for the quarter of NT$580.4 million ($18.9 million), compared with a net profit in the third quarter of last year of NT$2.2 billion ($71.9 million). For the period from January to September, Hannstar’s net profit fell to NT$1.2 billion ($39.2 million) from NT$6 billion ($196.2 million) for the corresponding period of last year, while turnover dropped to NT$17.4 billion ($568.9 million) from NT$25.3 billion ($827.2 million). Total panel shipments in Q3 fell 2.3% sequentially, with small and medium panel shipments reaching 97 million units. The number of large panels and HannsG products shipped were 200,000 and 100,000 units respectively.