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Taiwan's Innolux Corporation posted deeper quarterly losses

Taiwan's Innolux Corporation, an LCD panel  posted (Nov 8) a deeper quarterly losses for last quarter as seasonal improvement drags TV panel shipments and prices.

According to company data, Innolux posted a net loss of NT$3.89 billion in the July-to-September period. Its operating losses last quarter rose to NT$4.85 billion from losses of NT$3.34 billion.

To cope with the current slump, Innolux is mulling a slight cut to capital spending from an estimated NT$28.8 billion for the whole of this year. The company already spent NT$20.3 billion on its new facilities and equipment this year.

Innolux said it expects prices for large TV panels to stabilize this 4th quarter of the year, as clients are replenishing inventory to cope with demand during year-end shopping.


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