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Q2 results send Innolux shares soaring
08/04/2021 12:28 PM
CNA file photo
Taipei, Aug. 4 (CNA) Shares of Innolux Corp., one of Taiwan's leading flat panel makers, surged Wednesday morning after the company reported improved profitability in the second quarter, dealers said.
As of 12:17 a.m., Innolux shares had soared by the maximum 10 percent to NT$20.95 (US$0.75), with 648.91 million shares changing hands on the Taiwan Stock Exchange, where the weighted index was up 0.28 percent at 17,603.32.
The stock rose 3.41 percent soon after the market opened in response to an 85.1 percent sequential increase in net profit in the second quarter Innolux reported on Tuesday, and it continued to gain strength.

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