Chi Mei Optoelectronics (CMO) Report February 2009 Results

On March 6, 2009 Chi Mei Optoelectronics (CMO) announced February 2009 results that showed its revenue increase 18.2% M/M to NT$13.3 billion but on a Y/Y basis was a drop of 56.3%. CMO shipped about 4.2M large-sized LCD panels that represent a growth of 23.2% M/M but a decline of 18.2% Y/Y. The company’s small/medium LCD shipments increased 29.4% M/M and 1.8% Y/Y to 7.26M units in February.

Although M/M figures are positive for CMO the Y/Y performance is still quite bad. This also means that LCD manufacturers might be finally recuperating. Small/medium shipments grew both on a M/M and Y/Y basis showing that ultra-portable devices continue to show strong demand.

Source: CMO

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