EMS provider Qisda has reported net losses of NT$3.41 billion (US$115.44 million) or NT$1.74 per share on consolidated revenues of NT$84.89 billion for 2011 due to investment losses.

The company expects its shipments of LCD monitors to continue to slide by 10% sequentially in the first quarter of 2012 after posting a 1.2% on-quarter decline in the previous quarter.

While shipments of projectors are likely to stay flat in the first quarter, shipments of tablet PCs and portable communications devices such as handsets are likely to slip by a single-digit, the company noted.

Qisda posted consolidated revenues of NT$6.68 billion for February, down 4.4% sequentially but up 18.9% on year, said the company.