Second-tier LCD panel makers Chunghwa Picture Tubes (CPT) and HannStar Display have both reported narrowed losses for first-quarter 2011.
CPT's first-quarter net loss came to NT$2.326 billion (US$81.29 million), compared to NT$5.86 billion in net loss for the previous quarter.
HannStar's first-quarter net loss reached NT$1.441 billion, an improvement from the previous quarter's net loss of NT$4.011 billion.
Their better performance was due to larger proportions of small- to medium-size panels and of touch panels in their shipments, according to industry sources.
| CMI, AUO, CPT and HannStar: Financial results, 1Q11 (NT$ b) |
| Company | Consolidated revenues | Net loss | Net loss per share (NT$) |
| CMI | 124.327 (US$4.2 billion) | 13.804 | 1.89 |
| AUO | 93.230 | 13.978 | 1.58 |
| CPT | 16.670 | 2.326 | 0.36 |
| HannStar | 10.532 | 1.441 | 0.25 |
Source: Companies, compiled by Digitimes, May 2011