AUO Corporation (OTCPK:AUOTY) Q2 2022 Results Conference Call July 28, 2022 02:00 AM ET Company Participants Julia Chao - Investor Relations Paul Peng - Chairman & Chief Executive.
AU Optronics Corp. (OTC:AUO) Q1 2022 Earnings Conference Call April 26 2022 2:00 AM ET Company Participants Julia Chao - Investor Relations Paul Peng - Chairman & Chief Executive.
LCD panel maker AU Optronics Corp (AUO, 友達光電) yesterday introduced its first share capital reduction program and a NT$55.77 billion (US$1.94 billion) return distribution program in a three-year span starting this year.
The program’s aim is to improve shareholders’ long-term return on equity, the company said.
AUO shareholders this year are to receive a cash dividend of NT$3 per share, including NT$1 from last year’s earnings and NT$2 paid back by the company through a 20-percent share capital reduction plan.
The company expects share capital to fall to NT$76.99 billion after the program takes effect in June.
As a result, AUO’s payout ratio
AU Optronics Corp (AUO, 友達光電) is planning to build an advanced flat-panel plant in Taichung, aiming for commercial production by 2025, the Hsinchu-based company said on Friday, as it reported a record net profit for last year, driven by strong global demand.
AUO chief financial officer Benjamin Tseng (曾煜智) told an investors’ conference that the company’s board had approved increasing its capital expenditure budget by NT$28 billion (US$1.01 billion) this year, part of which would be allocated to the construction of the new plant.
AUO expects an overall capital expenditure of NT$45 billion this year, Tseng said.
AUO chairman Paul Peng (彭?浪) said