Chunghwa denies Samsung purchase reports

“Our major goal this year is to turn a profit,” said Lin Sheng-chang, president of the company.

Lin made the remarks during Chunghwa's online investors' conference.

The company pointed out that its fourth quarter net revenue was NT$16.773 billion, translating into an operational loss of NT$6.474 billion, a pretax loss of NT$12.193 billion, a net loss of NT$11.918 billion, and loss per share of NT$0.72.

Its TFT-LCD business had a revenue of NT$14.525 billion, translating into a pretax loss of NT$5.972 billion.

The company expects a strong first quarter, although it is in doubt whether it can secure upstream materials, it said.

The company plans to have a capital expenditure of NT$5 billion this year, it said.

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