28 Jul '14, 7am

Innolux announces 2Q14 net profit of NT$3 billion #DIGITIMES

Innolux announces 2Q14 net profit of NT$3 billion Press release; Rodney Chan, DIGITIMES [Monday 28 July 2014] Innolux has announced its second quarter 2014 results. Combined net sales for the second quarter 2014 amounted to NT$111.1 billion (US$3.7 billion), an increase of 24% over the previous quarter's NT$89.6 billion. The company reported gross profit of NT$11.6 billion, for a gross margin of 10.4%. Operating profit totaled NT$6.1 billion with an operating margin of 5.5%. Income before tax amounted to NT$ 3.4 billion. Net profit attributable to the shareholders of the parent company amounted to NT$3 billion. EPS equaled NT$0.33. Through continuous improvement of financial structure, the company's total debt came down to NT$148.9 billion as of the end of the second quarter 2014, a significant decrease of NT$34.8 billion. Net debt to equity ratio came down from 76.7% in t...

Full article: http://www.digitimes.com/news/a20140728PR200.html

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