AU Optronics announces revenue results

AU Optronics, a supplier of panels for TFT monitors, has announced its unaudited results for the first quarter of 2010, posting consolidated revenue of TWD111.6m (£2.3bn) – down 2.9 per cent from the previous quarter.

Gross profit, however, improved by 62.8 per cent quarter over quarter to TWD14.3m, representing a gross margin of 12.8 per cent.

Operating income reached TWD8.1m, with a quarterly growth rate of 328 per cent and an operating margin of 7.3 per cent.

Consequently, AUO’s net income was TWD7.3m, attributable to equity holders of the parent company at TWD7.1m, or basic EPS of TWD0.8 per common share for the first quarter of 2010.