Chi Mei Optoelectronics (CMO) Third Quarter Revenues Up 27%

Chi Mei Optoelectronics (CMO) announced third quarter results on October 26, 2009. Net sales for TFT LCDs increased 27.3% Q/Q to NT$89,439 million. Gross margin was 12.4%, a substantial improvement over -3.5% in the second quarter. Operating margin in Q3’09 was 7.4%, a reversal of fortunes from -10.6% in Q2’09. Net income turned positive to NT$5,149 million from a net loss of NT$8,780 million in Q2’09. CMO shipped 21.7M large-area TFT LCD panels in Q3’09, up 13.2% Q/Q. Blended ASP also increased 13% Q/Q to US$120.

Source: CMO

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