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October figures up for CMO

Posted: 15 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Chi Mei Optoelectronics? LCD? LCDs? computers? computer?

As seasonal demand for PC and network products continues to rise, Chi Mei Optoelectronics Corp. (CMO) reported that its consolidated revenues reached $607.44 million in October, up 2.6 percent sequentially and 15.1 percent year-on-year (y-o-y). The LCD maker's shipments also increased by 2.5 percent on-month and 44.2 percent y-o-y to about 3.5 million units.

Earlier, CMO announced that its unaudited unconsolidated net sales in the third quarter reached $1.46 million, with a gross margin of 4.6 percent. Net sales, according to the company rose 32 percent from the $1.1 billion reported in the second quarter. CMO's gross profits for the three-month period reached $66.82 million, with an operating loss of $26.67 million and a net loss of $42.52 million.

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