Innolux Result 02/02/2016

Innolux reported the worst quarter in three years with net loss of NT$6.72 billion ($199.52 million). Turnover for the quarter was NT$81.46 billion ($2.45 billion), a 29% YoY decline. For the full year, net profit fell 50% YoY to NT$10.82 billion ($325 million). Turnover for the same period was NT$364.1 billion ($10.95 billion). Total square footage of panel shipments declined 6% for the full year 2015. Innolux expects to see continued volume and price declines.