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AUO Announces Non-audited Results for 2009

2010/02/04
Taipei, Feb. 4, 2010 (CENS)--AU Optronics Corp. (AUO), the largest thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer in Taiwan, recently announced un-audited results for the fourth quarter of 2009 and also the whole fiscal 2009.

The panel maker posted fourth-quarter consolidated revenue of NT$114.9 billion (about US$3.6 billion) , up 3.3% from the third quarter of 2009, net loss of NT$7.9 billion (US$246 million), and earnings per share (EPS) of -NT$0.78 per common share.

AUO also revealed fiscal 2009 un-audited results, including revenues of NT$359.3 billion (US$11.06 billion, down 15.2% YoY), net loss of NT$27.2 billion (US$836.9 million), EPS of -NT$3.04 (US$0.09).

Last year, AUO`s large-sized panel shipments totaled 89.6 million units, up 12.5% year-on-year (YoY). In terms of small- and medium-sized panels, the shipments were over 228.6 million units, a YoY increase of 21.6%.

Andy Yang, chief financial officer (CFO) of AUO, pointed out that his company`s fourth-quarter shipments of large-sized panels reached a record high. In addition, AUO`s EBITDA (earnings before interest, taxes, depreciation, and amortization) margin reached 22% in 2009 thanks to the firm`s product innovation and strong R&D capability.

AUO said 2010 is filled with prosperity and business opportunities. In order to meet customers` demands and achieve robust sales growth in China, the company aims to adopt "smart expansion" by smart, timed investments.

(by Quincy Liang)
 
 
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