HannStar Display Posts Profits For 3Q18

HannStar Display has reported net profits of USD 530 million (USD 17.3 million) on net sales of USD 4.1 billion for the third quarter of 2018, with EPS coming to USD 0.16.

Gross margin stood at 19 percent in the third quarter, down sharply from 28 percent a quarter earlier due to decreased revenues and ASP of its products. Third-quarter revenues of USD 4.1 billion were down 20 percent sequentially from a quarter earlier.

Total panel shipments reached 4.155 million 19-inch equivalent units in the third quarter, down 3.6 percent from a quarter earlier. ASP stood at USD36 in the third quarter.

In the quarter, shipments of small- to medium-size panels amounted to 117 million units; those of large-size models totaled 400,000 units; and own-brand product shipments reached 100,000 units. — Digitimes

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