 2004-05-21 |
|
|
(Commercial Times) [Reported by Peng Hsuan-Yi, Taipei]
Driven by international oil prices, prices for petrochemical raw materials have remained at high levels this year, creating significant cost pressure for downstream processing industries. However, YC Corporation (4306), a listed plastic stock, has benefited from a well-executed strategy focused on high-value products. In April, profits surged 171% compared to the same period last year, with earnings per share (EPS) before tax reaching NT$0.58 for the first four months.
YC operates a total of 13 tape production lines across Taiwan, China, and Vietnam, with a combined monthly capacity exceeding 70 million square meters. Resin production capacities in Taiwan and China reach 2,000 tons per month each. Operating income in April was NT$19.17 million, marking a significant 36% increase from the same period last year, with pre-tax earnings of NT$17.6 million.
YC has planned to go public this year, setting an annual revenue target of NT$2.256 billion and a pre-tax earnings target of NT$160 million. By the end of April, its revenue and profit achievement rates were 33% and 26%, respectively. |
|
