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the first three quarters of 2010

Despite of the actively expansion in AMOLED displays, supply is still likely to fall behind demand in the coming years.  As Samsung Mobile Display`s vice president Lee Woo-jong indicated that global sales of smartphones are estimated to sharply surge 50% to 260 million units in 2010 from 175 million units sold in 2009, but output of AMOLED displays is unlikely to catch up with the growth.Coretronic Corporation(5371)had posted consolidated sales revenue for 3Q of NT$25,903 million with an operating income of NT$1,360 million, up 1% and drop 10% from the previous quarter respectively. Net income totaled NT$1,133 million, dropped 12%. Net income attributable to equity holders of the parent company was NT$1,052 million with the basic EPS of NT$1.45 per common share.

For the first three quarters of 2010, Coretronic reported consolidated sales revenue of NT$72,760 million and the operating income totaled NT$4,023 million with a net income of NT$3,478 million. Net income attributable to equity holders of the parent company was NT$3,232 million with the basic EPS of NT$4.46 per common share.

Coretronic’s LCD Backlight revenue for 3Q reached NT$17,375 million or up 5%. The increase was due mainly to the strong sales from LED TV and Monitor application. However, the total Backlight shipment was 19.8 million units in 3Q, representing a 7% drop. The LED penetration rate for TV and Monitor BLU was 31% and 36% respectively in 3Q. For the first three quarters of 2010, LCD Backlight revenue amounted to NT$47,472 million and shipment was 61 million units, up 47% and 34% respectively.
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