Feb. 1, 2011 (China Knowledge) - BOE Technology Group Co Ltd<000725
>, the largest liquid crystal display or LCD panel producer in China, on Jan. 28 estimated that it may have suffered between RMB 1.9 billion and RMB 2.1 billion in net loss last year.
The company's previous net loss forecast for 2010 ranged from RMB 1.3 billion to RMB 1.4 billion.
The expanded loss was due to a huge cost of running its latest fifth and sixth generation TFT-LCD production projects, BOE Technology said.
In 2009, the Shenzhen-listed firm earned RMB 49.68 million in net profit and 0.8 RMB cent in earnings per share.
BOE Technology said that it will announce the 2010 financial result on Apr. 26.
The company has announced plans to inject RMB 8.66 billion into its eighth generation TFT-LCD production project, China Knowledge reported earlier.