InfoAnda - Taiwan's AU Optronics sees profit up 54.6 percent

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan's AU Optronics sees profit up 54.6 percent AFP - Thursday, July 29 Send IM Story Print Taiwan's AU Optronics sees profit up 54.6 percent Slideshow: Full Photo Coverage: Business & Economy TAIPEI (AFP) - – Taiwan's AU Optronics Corp said Wednesday its net profit in the three months to June jumped 54.6 percent over the previous quarter, partly due to strong demand for high-priced items. The firm, a leading flat-screen manufacturer, said its net profit in the second quarter came in at 11.25 billion Taiwan dollars (348 million US), compared with 7.27 billion Taiwan dollars in the previous three months. It posted a net loss 6.6 billion Taiwan dollars in the same period last year. "AUO's second quarter results were generally in line with our guidance set in the Investor Conference on April 22," company chief financial officer Andy Yang said in a statement. For the first half of 2010, the company reported a net profit of 18.5 billion Taiwan dollars on revenues of 240.15 billion dollars. Its earnings per share for the six-month period was 2.05 Taiwan dollars. Company President L.J. Chen on Wednesday told a Taipei investor conference that AUO planned to build two liquid crystal display (LCD) facilities and two solar-energy plants before 2022 at a cost of up to 400 billion Taiwan dollars. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 20 minutes ago Goldman and Citigroup to sell $788.5 million CMBS Reuters - 20 minutes ago Nvidia lowers outlook, shares fall Reuters - 21 minutes ago BP aims for quick well kill; weighs asset sales Reuters - 23 minutes ago MOVES-HSBC, Raymond James, Putnam Reuters - 23 minutes ago News Search Top Stories US Fed sees 'modest' recovery faltering in some regions Fiat must modernise or fail, boss tells Italian workers States agree new funding, schedule for nuclear fusion plan BAE, Rolls-Royce clinch $1.1bn Hawk order in India Boeing second quarter profit down 21% More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Oracle's Ellison highest paid CEO of the decade World's first full face transplant man appears on TV Argentine students crack three-decade-old murder mystery Alcohol eases rheumatoid arthritis: study Ansel Adams garage sale photos worth USD200m More Most Viewed » Parachuting donkey shocks Russian beachgoers World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Quark by quark, atom smasher closing in on 'God particle' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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