Innolux: Financial report, 4Q16 (NT$b) Item 4Q16 Q/Q Y/Y 2016 Y/Y Consolidated revenues 89.382 20.00% 9.72% 287.089 (21.16%) Gross margin 22.15% up 10.37pp up 19.05pp 9.09% down 3.72pp Net operating profit 13.996 262.68% net operating loss of 2.899 for 4Q15 6.414 (71.41%) Net profit 10.869 255.43% net loss of 6.723 for 4Q15 1.871 (82.70%) Net EPS (NT$) 1.09 0.19Source: Company, compiled by Digitimes, February 2017 Innolux 4Q16 net operating profit hits recordRebecca Kuo, Tainan; Adam Hwang, DIGITIMES [Monday 13 February 2017]Panel maker Innolux generated net operating profit of NT$13.996 billion (US$441 million) for the fourth quarter of 2016, its highest quarterly level on record, according to its financial report released at a February 10 investors conference. As a result, Innolux shipped 27.012 million square meters of large-size panels and 1.937 million square meters of small- to medium-size units in 2016, decreasing 6.0% and 10.7%, respectively, on year. Innolux shipped 7.412 million square meters of large-size panels in the fourth quarter, increasing 6.4% on quarter, and the corresponding ASP stood at US$379 per square meter. In addition, Innolux shipped a total area of 539,800 square meters of small- to medium-size panels in the fourth quarter, inching down 0.4% on quarter.
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Life insurance group Great Eastern Holdings reported an 11% lower net profit in 4Q16 to $195.2m. This is mainly due to the slump in the operating profit of its insurance business, which dropped by one-third or 33%. Blame the lacklustre insurance business. This is attributed to new business strain from higher sales growth and medical claims in the Singapore operations. Great Eastern CEO Khor Hock Seng said the group will continue to strengthen its business model and prudently manage costs and improve operational efficiencies.
"This is a very strong result for the JB Hi-Fi business," said chief executive Richard Murray. JB Hi-Fi shares jumped $1.68 or 5.9 per cent in early trade on Monday to $30.15. Sales accelerated in January, with total sales up 5 per cent and same-store sales up 3.5 per cent. The bottom line profit result was in line with consensus forecasts around $110.3 million, but underlying net profit - before costs associated with The Good Guys deal - soared 31.7 per cent to $125.4 million. The strong gains continued into January, with total sales for JB Hi-Fi stores up 9.8 per cent and same-store sales up 7.2 per cent despite cycling 6.5 per cent same-store growth in January last year.
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Great Eastern's net profit slips 11% to $195.2m in Q4
Life insurance group Great Eastern Holdings reported an 11% lower net profit in 4Q16 to $195.2m. This is mainly due to the slump in the operating profit of its insurance business, which dropped by one-third or 33%. Blame the lacklustre insurance business. This is attributed to new business strain from higher sales growth and medical claims in the Singapore operations. Great Eastern CEO Khor Hock Seng said the group will continue to strengthen its business model and prudently manage costs and improve operational efficiencies.
"This is a very strong result for the JB Hi-Fi business," said chief executive Richard Murray. JB Hi-Fi shares jumped $1.68 or 5.9 per cent in early trade on Monday to $30.15. Sales accelerated in January, with total sales up 5 per cent and same-store sales up 3.5 per cent. The bottom line profit result was in line with consensus forecasts around $110.3 million, but underlying net profit - before costs associated with The Good Guys deal - soared 31.7 per cent to $125.4 million. The strong gains continued into January, with total sales for JB Hi-Fi stores up 9.8 per cent and same-store sales up 7.2 per cent despite cycling 6.5 per cent same-store growth in January last year.
read more visit us profit
collected by :Jack Luxor
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