CPT (TAIEX: 2475) today (04/30) announced the financial results of 1Q10. Consolidated sales for 1Q10 approximated NT$21,836 million, up 30.2% QoQ and up 122.9% YoY.
TFT consolidated sales revenue totaled NT$19,364 million; representing a 33.3% increase QoQ and a 142.0% increase YoY. The large-sized panel shipments in 1Q10 totaled6,234 thousand, up 30.6%QoQ. The revenue generated by small- and medium-sized panels reached NT$4,128 million, up 11.9% QoQ. Meanwhile, the shipments of small- and medium-sized panels were 58,901 thousand, up 10.2% QoQ.
TFT 1Q10 gross margin increased to -2.3% from -23.2%.1Q10 consolidated Income before tax increased to NT$-2,708 million from NT$-12,193 million in 4Q09. 1Q10 Inventory turnover day is 32 days which is likely to keep the same as 4Q09.
Consolidated sales revenue of CRT business totaled NT$2,471 million, up 10% QoQ.
CPT’s Consolidated Income Statement for 1Q10 (1) (2)
Unit: NT$ million except per share data
1Q10
Consolidated Income Statement
1Q10 TFT BU
Consolidated Income Statement
Amount
%
Amount
%
Net Sales
21,836
100.0
19,364
100.0
Gross Profit
(284)
(1.3)
(436)
(2.3)
Operating Income
(2,472)
(11.3)
(2,440)
(12.6)
Income after tax
(2,989)
(13.7)
EPS (NT$) (3)
(0.18)
-
-
-
Note: (1) The consolidated financial reports are based on ROC GAAP.
(2) All consolidated financial reports provided by CPT are un-audited.
(3) EPS is diluted EPS for income after tax.
CPT’s TFT-LCD Large Size Panel Shipment and Product Mix for 1Q10
