TAIPEI -- Taiwanese liquid crystal display maker AU Optronics turned in a net profit of 5.1 billion New Taiwan dollars ($173 million) for the first quarter on Tuesday, the black ink fading 56% from a year earlier as inflationary pressures depressed consumer confidence and demand for electronics.
AUO's sales dipped 2% to NT$81.5 billion. Panel prices have trended downward since peaking in the third quarter of 2021 on stay-at-home demand tied to the pandemic.
