Chunghwa Picture Tubes (CPT) has announced its unaudited financial results for third-quarter 2011. Consolidated sales for the third quarter approximated NT$14.79 billion (US$495.35 million), down 9.4% on quarter and down 24.4% on year.

TFT consolidated sales revenue totaled NT$14.38 billion, representing a 4.9% decrease on quarter and a 18.3% decrease on year. Large-size panel shipments in third-quarter 2011 totaled 3.43 million units, down 28.3% on quarter. The revenues generated by small- to medium-size panels reached NT$8.24 billion, up 23.7% on quarter.

Meanwhile, shipments of small- to medium-size panels were 136.68 million units, up 22.8% on quarter. Touch panel shipments reached 17.35 million units and accounted for 12.4% of total shipments. Third-quarter 2011 inventory turnover was 34 days. 

Source:digitimes