Taiwan LCD Manufacturers to Report Profits for 2008

Although Q4’08 was extremely difficult for LCD manufacturers in Taiwan, tidy profits from the first three quarters will lead major Taiwan-based LCD manufacturers to report profits for 2008. Here are some estimates:

AU Optronics (AUO): NT$30 billion in profits for 2008
AUO reported NT$48.2 billion in net income for the first three quarters in 2008. AUO’s losses in Q4’08 are estimated to be about NT$18 billion with a net profit for the entire year in 2008 of around NT$30 billion.

Chi Mei Optoelectronics (CMO): NT$4.8 to $9.8 billion in profits for 2008
CMO reported NT$24.8 billion in net income for the first three quarters in 2008. CMO’s losses in Q4’08 are estimated to be about NT$15 – 20 billion with a net profit for the entire year in 2008 of around NT$4.8 to 9.8 billion.

It is not surprising that Taiwan’s two largest LCD manufacturers will post profits for the entire year in 2008. However losses in Q4’08 huge and losses, though smaller, will most likely continue through the first half of 2009. Innolux Display, Chunghwa Picture Tubes (CPT) and HannStar Display after the break.

Innolux Display: NT$4.8 billion in profits for 2008
Innolux reported NT$6.8 billion in net income for the first three quarters in 2008. Innolux’s losses in Q4’08 are estimated to be about NT$2 billion with a net profit for the entire year in 2008 of around NT$4.8 billion.

Chunghwa Picture Tubes (CPT): NT$7.89 billion in losses for 2008
CPT reported NT$6.19 billion in net income for the first two quarters in 2008 and a NT$6.08 billion loss in Q3’08. CPT’s losses in Q4’08 are estimated to be about NT$8 billion with a loss for the entire year in 2008 of around NT$7.89 billion.

HannStar Display: NT$1.5 billion in losses for 2008
HannStar reported NT$4.71 billion in net income for the first two quarters in 2008 and a NT$3.21 billion loss in Q3’08. CPT’s losses in Q4’08 are estimated to be about NT$3 billion with a loss for the entire year in 2008 of around NT$1.5 billion.

Source: DigiTimes

[tags]AU Optronics, AUO, Chi Mei Optoelectronics, CMO, Innolux Display, Innolux, Chunghwa Picture Tubes, CPT, HannStar Display, HannStar, Display Manufacturer, LCD Manufacturer[/tags]

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