12 Nov '12, 9am

CMI reports October 2012 financial results

CMI reports October 2012 financial results

CMI reports October 2012 financial results Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Monday 12 November 2012] Chimei Innolux (CMI) has announced that its October 2012 consolidated revenues reached NT$42 billion (US$1.32 billion), a decrease of 7.4% on month. CMI shipped approximately 12.4 million large-size panels during the period, a decrease of 13% on month, and 39 million small- to medium-size panels, an increase of 3.5% on month. Sources at CMI said the company's products were in short supply during October largely due to the October National holidays in China. This caused October shipments to be delayed until November and thus a delay in revenues during October, added the sources. The sources also said they are optimistic about CMI's performance in the fourth quarter of 2012 and that the company's product differentiation strategies continue to benefit its overall...

Full article: http://www.digitimes.com/news/a20121112PD207.html

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