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CPT registers Q1 loss of $42M

Posted: 10 May 2006 ?? ?Print Version ?Bookmark and Share

Keywords:panel? Chunghwa Picture Tubes? CPT?

Panel maker Chunghwa Picture Tubes Ltd (CPT) registered a net loss of about $42 million in the first quarter of the year, from a net profit of about $23.2 million in the previous quarter.

CPT's consolidated sales also declined by 11 percent sequentially to about $937 million, with sales from TFT LCD down by 8 percent to $761 million due to a series of price declines in the IT-use panel sector.

CPT Spokesman Jiun-yi Wu said that quotes for 17-inch monitor panels and notebook panels had the steepest drops during the period. Although shipment of large-sized panels went up by 9.4 percent to 5.2 million units, prices fell down by 12 percent from $158 to $139 sequentially.

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