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AU Optronics Q2 Loss Widens

AU Optronics Corp. (AUO) reported that its net loss attributable to owners of the company for the second quarter of 2020 widened to NT$2.96 billion or NT$0.31 per basic share, from NT$2.68 billion or NT$0.28 per basic share in the prior-year.

Revenues for the second quarter of 2020 were NT$63.50 billion, down from NT$70.07 billion in the prior year.

In the second quarter of 2020, large-sized panel shipments totaled around 30.71 million units, up by 37.0% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 29.09 million units, down by 1.5% quarter-over-quarter.

Looking into the third quarter, as channel inventory is currently at a healthy level, restocking demand from customers is expected to continue. However, the impact from COVID-19 and other uncertainties on the economic outlook should still be closely observed. Meanwhile, the company will keep focusing on its value transformation and field economy strategy, in the hopes that this approach will gradually deliver meaningful results in the near future.

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