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.