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BOE Technology posts narrowed loss of RMB 787 mln for H1

Aug. 29, 2012 (China Knowledge) - BOE Technology Group Co Ltd<000725><200725>, the largest liquid crystal display manufacturer in China, said yesterday that it booked a loss of RMB 787 million in the first half of this year, 35.26% less than the RMB 1.22 billion loss in the same period of 2011.

The company's operating revenue soared 94.5% YoY to RMB 9.61 billion in the first six months.

BOE Technology the 8.5-generation flat panel display production in Beijing, the 6G line in Hefei of Anhui Province, 5 G line in Beijing and 4.5G line in Chengdu of Sichuan Province ran at full capacity in the period.

The company expected that it will swing to profit in the third quarter and will record a loss of between RMB 7 million and RMB 780 million in the first nine months.

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