Chunghwa Picture Tubes (CPT) managed to narrow its net losses to NT$2.48 billion (US$8.45 million) in the first quarter of 2012, down from NT$3.38 billion in the previous quarter. First-quarter EPS was negative NT$0.38 compared to negative NT$0.52 of the last quarter.
Consolidated revenues for the first quarter of 2012 reached NT$11.39 billion, down 14.2% on quarter and 32.8% on year, according to company data.
Shipments of large-size panels slid 21.9% sequentially to 1.538 million units in the first quarter of 2012, while shipments of small- to medium-size panels fell 17.2% to 111 million units.
Shipments of touch panels reached 23.93 million units in the first quarter, accounting for 21.5% of total shipments of small- and medium-size panels in the quarter, the company revealed.
The company expects its shipments of small- to medium-size panels to soar by 15-20% in 2012 and its capex to reach NT$2 billion in the year.
Article translated by Steve Shen
