Innolux Corporation Announces Unaudited 2016 Second Quarter Gross profit NT$1.55 Billion

JHUNAN , Taiwan, July 29, 2016 /PRNewswire/ — Innolux Corporation (“INX”, “The Company”) (TAIEX: 3481) today announced its 2Q 2016 consolidated revenues. Combined net sales for 2Q 2016 amounted to NT$ 66.8 billion, gross profit was NT$ 1.55 billion, for a gross margin of 2.3%. Operating loss totaled NT$ 3 billion with an operating loss of 4.5%. Net loss amounted to NT$ 3.5 billion, for a net loss margin of 5.2%. EBITDA margin of 11.1%, with a basic EPS of –NT$ 0.35.

In finance, the company’s total debt came down to NT$ 57.1 billion, an increase of NT$ 2.4 billion over the previous quarter. Net debt to equity ratio of 8% was the same as the previous quarter, maintaining good financial health. The inventory turnover day was 38 days.

The Company shipped 7 million square meters of panel in the second quarter 2016, an increase of 24.4% over the previous quarter. Blended area ASP for TFT-LCD panels averaged US$ 289 per square meter. Small and medium-sized panel revenue amounted to NT$ 13.1 billion in the second quarter 2016, an increase of 0.4% over the previous quarter. The company shipped 472.8 thousand square meter area of small and medium-sized during the second quarter 2016, an increase of 23.6% over the previous quarter.       

In terms of product application, Mobile & CP, Mobile PC, Desktop, TV panels accounted for 25%, 15%, 12% and 48% of our net sales, respectively. In terms of product size, 10-inch and below, 10-to-20-inch, 20-to-30-inch, 40-inch-and -above panels accounted for 20%, 20%, 15%, and 45% of our net sales, respectively.

Announcement Contact:

Jyh-Chau Wang
Tel: +886-(0)6-505-3760

Anita Chien
Media Contact
Tel: +886-(0)6-505-1888 ext.47153                                
Cell: +886-(0)911-572-225

SOURCE Innolux Corporation

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