Huga Optotech reported shrinking net losses of NT$307 million (US$10.24 million) for the second quarter of 2012 due to orders from Epistar. Nevertheless, net losses for first-half 2012 were NT$844 million.
Huga announced revenues of NT$1.035 billion for the first half of 2012 with operating profit margin reaching negative 55.99%. Net losses in first-half 2012 were significantly larger than net losses of NT$104 million during the same period in 2011.
The firm focused on orders for small- and medium-size backlight products from China, hence prices were relatively low. Capacity utilization rate for the first half was around 60-70%, said Huga. The firm expects performance in the third quarter to be flat and hopes to limit monthly net losses to around NT$100 million.
Article translated by Jackie Chang
