AU Optronics Reports 1Q2011 Financial Results

AU Optronics AUO today held its investors conference and announced its unaudited results for the first quarter of 2011(1). AUO posted consolidated revenue of NT$93,230 million (US$3,171 million)(2), down 9.1% from the previous quarter. Gross profit was at -NT$6,270 million (-US$213 million), with the gross margin of -6.7%. Operating loss was at NT$14,227 million (US$484 million), with the operating margin of -15.3%. AUO's net loss for the first quarter was at NT$13,899 million (US$473 million). Net loss attributable to equity holders of the parent company was NT$13,978 million (US$475 million), with basic EPS of -NT$1.58 per common share (-US$0.54 per ADR).