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HannStar Display Reports Profit For 2019

HannStar Display has reported net profit of NTD 788 million for 2019 even though it posted losses in the last quarter of the year. The earnings showed a decline of 22.75 percent from a year earlier. Fourth-quarter losses came to NTD 13 million, mainly due to an asset-impairment loss of NTD 162.66 million.

EPS for all of 2019 stood at NTD 0.25 compared to NTD 0.32 of a year earlier, as gross margin decreased to 11.44 percent from 16.7 percent. The shipment increased 2.4 percent sequentially to 4.107 million 19-inch equivalent panels in the fourth quarter of 2019, with their average selling price (ASP) standing at USD 36.

Shipments of small- to medium-size panels totaled 123 million units in the fourth quarter of 2019. It also shipped 430,000 large-size panels and 110,000 own-brand display products in the quarter.

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