AUO net profit hits 13-year high
SUSTAINABLE GROWTH:
The panel maker said it has been running at full capacity since the middle of last year, but is still unable to fully satisfy customers’ demand
By Lisa Wang / Staff reporter
Display panel maker AU Optronics Co (AUO, 友達光電) yesterday said that first-quarter net profit hit a 13-year high of NT$11.83 billion (US$423.26 million), as the COVID-19 pandemic-induced stay-at-home economy stimulated demand for panels for TVs and computers.
AUO expects the growth momentum to carry through the rest of the year and be sustainable in the longer term as work from home, remote schooling and home entertainment become the new norm.