Industry news

TFT-LCD panel maker HannStar Display recorded net operating profit of NT$2.300 billion (US$72.9 million) for the third quarter of 2016, swinging into profitability after seeing operating losses for the preceding five quarters.

HannStar recorded consolidated revenues of NT$6.961 billion, gross margin 40.67%, net profit NT$2.352 billion and net EPS NT$0.73 for the third quarter, with gross margin hitting a quarterly record.

HannStar shipped 98.85 million small- to medium-size panels and 310,000 large-size units. ASP was US$48 per panel. The company also shipped 130,000 LCD monitors under own-brand Hannspree in the third quarter. Below 6-inch panels accounted for 74% of third-quarter consolidated revenues, 6.2- to 10.1-inch units for 17% and 11-inch and above units for 9%.

For January-September, HannStar posted consolidated revenues of NT$14.581 billion, gross margin 17.92%, net operating profit NT$1.112 billion, net profit NT$728 million and net EPS NT$0.23.

HannStar will subscribe to unsecured bonds worth NT$1.80 billion issued by affiliate touch panel maker HannStar Touch Solution.