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innolux corp (3481) Details

Innolux Corporation produces and sells TFT-LCD panels modules, open cells, and touch panels for information and consumer electronics manufacturers worldwide. The company offers panels for televisions, desktop monitors, and notebook PCs, as well as for small and medium size, industrial and medical display, automotive and avionics display, tablet/hybrid solution, smart phone/mobile, and consumer electronics applications. It also provides various touch panels, including glass/glass, glass/film/film, and one glass capacitive touch panels. The company was formerly known as Chimei Innolux Corporation and changed its name to Innolux Corporation in December 2012. Innolux Corporation was founded in 2003 and is headquartered in Miaoli County, Taiwan.

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innolux corp (3481) Key Developments

Innolux Corporation Announces Unaudited Consolidated Revenue Results for the Month of July 2016

Innolux Corporation announced unaudited consolidated revenue results for the month of July 2016. For the month, the company reported revenues of TWD 22.8 billion, a decrease of 2.3% month on month and a decrease of 23% year over year. During July 2016, the company shipped 9.46 million units of large-sized products, a decrease of 0.5% month on month. Shipments for small-and-medium-sized products were 20.93 million units, an increase of 15.9% month on month.

Innolux Corporation Reports Unaudited Earnings Results for the Second Quarter Ended of June 30, 2016; Provides CapEx Guidance for the Full Year 2016

Innolux Corporation reported unaudited earnings results for the second quarter ended of June 30, 2016. For the quarter, the company reported net sales of TWD 66,805 million compared to TWD 93,755 million a year ago. Operating loss was TWD 3,039 million compared to operating income of TWD 9,393 million a year ago. Loss before income tax was TWD 2,871 million compared to income before tax of TWD 7,345 million a year ago. EBITDA was TWD 7,408 million compared to TWD 23,123 million a year ago. Net loss was TWD 3,476 million compared to net income of TWD 5,406 million a year ago. Basic loss per share was TWD 0.35 compared to basic earnings per share of TWD 0.54 a year ago. CapEx was TWD 6.9 billion. The overall 2016 CapEx will remain as TWD 35 billion, which will be adjusted according to the moving progress of 8.6-Gen and the mass production schedule.

Innolux Corporation, Board Meeting, Jul 29, 2016

Innolux Corporation, Board Meeting, Jul 29, 2016. Agenda: To approve cancellation of restricted employee shares.


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