Innolux reported Q3 financial results with a net profit of NT$ 3.5 billion, the lowest in five quarters, down 52.7% YoY. Turnover hit a five year low with a 21.5% YoY decline, at NT$ 88.75. In spite of higher volume of small and medium TV panels, Innolux failed to increase it’s profitability, primarily on account of the 10% decline in smartphone shipments.
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