Reported 11 months ago
Quanta Display (3481) has been experiencing consecutive losses for the past two years, but with signs of improvement in the panel market in the first half of this year, turning losses into profits remains challenging. To boost profitability, Quanta Display is selling factories, continuing with restructuring efforts, and actively streamlining operations. Despite reducing losses in the first quarter and expectations of further improvement due to rising panel prices and increased shipments in the second quarter, uncertainties remain with the completion of pre-Olympic stocking and lower-than-expected sales during promotional periods. The company's aggressive restructuring actions, including closing inefficient old factories and focusing on high-value non-display products like X-ray sensors and upcoming mass production of FOPLP panel-level packaging, aim to navigate the challenging market conditions.
Source: YAHOO