CMI likely to swing back to profitability in 4Q12, say sources

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CMI likely to swing back to profitability in 4Q12, say sources

Rebecca Kuo, Taipei; Steve Shen, DIGITIMES

Wednesday 31 October 2012

LCD panel maker Chimei Innolux (CMI) is expected to swing back to profitability in the fourth quarter of 2012, as a significant reduction in labor costs will help ramp up its gross margin in the quarter, according to industry sources.

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