AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated March 2011 revenue of NT$35,947 million, up by 32.7% month-over-month and down by 11.6% year-over-year. Owing to the lower-than-expected TV panel prices, AUO’s unaudited consolidated revenues for the first quarter of 2011 totaled NT$93,230 million, down by 9.1% quarter-over-quarter and 16.4% year-over-year.
For March 2011, Large-sized panel (a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, surpassed 10.71 million units, an increase of 30.1% from the previous month. As for small-and-medium-sized panels, the shipments were around 16.77 million units, up by 37.2% month-over-month.
In the first quarter of 2011, large-sized panel shipments exceeded 28.40 million units, an increase of 1.3% from last quarter and an increase of 4.3% over last year. On the other hand, shipments of small-and-medium-sized panels for the same quarter totaled 43.49 million units, down by 17.8% quarter-over-quarter and 23.7% year-over-year.
As the Company reported a return to full-year profit in 2010, AUO's Board of Directors Meeting on March 11, 2011 resolved to propose to the Annual General Meeting of the Shareholders a dividend of NT$0.40 per share. The Company has aggressively focused on high value-added products, and hopes that through this strategy, The Company's operating performance will improve continuously and maintain a leading position in the industry.
(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches.
Sales Report :(Unit: NT$ million)
|Net Sales(1) (2)||Consolidated(3)||Unconsolidated|
|Jan to March 2011||93,230||88,290|
|Jan to March 2010||111,564||106,242|
(1) All figures are prepared in accordance with generally accepted accounting principles in Taiwan.
(2) Monthly figures are unaudited, prepared by AU Optronics Corp.
(3) Consolidated numbers include AU Optronics Corp., AU Optronics (L) Corp. and its affiliates, Darwin Precision Corp. and its affiliates, BriView Electronics Corp., Toppan CFI (Taiwan) Co, Ltd., Darshin Microelectronics Inc., and AUO Crystal Corp. and its affiliates.