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Chimei Innolux reports narrowed Q1 loss of NT$12.77 bln

May. 2, 2012 (China Knowledge) - Chimei Innolux Corp, the third-largest LCD manufacturer in the world, said it suffered a loss of NT$12.77 billion in the first quarter of this year, narrowing from a loss of NT$13.8 billion in the same period of 2011, sources reported.

The company's revenue was NT$109.27 billion in the first three months, down 12% from NT$124.33 billion in the corresponding period of last year.

In the fourth quarter of 2011, the company's net loss reached NT$20 billion as a result of falling LCD panel prices, taking its total loss for last year to NT$64.7 billion.

The firm's operating revenue was NT$137.5 billion in the fourth quarter and NT510.08 billion in 2011.

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