30 Apr '12, 4am

BLU maker Coretronic reports declined profits for 1Q12 #displays

BLU maker Coretronic reports declined profits for 1Q12 Siu Han, Taipei; Steve Shen, DIGITIMES [Monday 30 April 2012] Backlight unit (BLU) maker Coretronic saw its net profits drop 40.8% on quarter and 64.3% on year to NT$239 million (US$8.15 million) in the first quarter of 2012 due largely to weak demand for BLUs from the TV sector, according to the company. First-quarter earnings translated into an EPS of NT$0.29 compared to NT$0.38 of the previous quarter and NT$0.82 of a year earlier. Total BLU shipments edged up 5% sequentially to 15.48 million units in the first quarter, with shipments for monitor applications posting a high growth rate of 18%, the company noted. Shipments to the TV sector are expected to improve slightly in the second quarter and the portion of large-size BLUs will also increase in the quarter, said the company, but adding that the second-quarter ou...

Full article: http://www.digitimes.com/news/a20120430PD209.html

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