YC Reports NT$2.49 Pre-Tax EPS for 2003
2004-01-28
(Times - Reported by Peng Hsuan-Yi, Taipei)
In response to last year’s substantial increase in upstream petrochemical raw material costs, downstream plastic processing companies have actively turned to production in China and other locations to reduce expenses and maintain profitability. YC Corporation (4306) recorded a pre-tax profit of approximately NT$180 million for 2003. Based on its capital after converting convertible bonds, this translates to an estimated pre-tax earnings per share (EPS) of NT$2.49. The company is planning for a public listing later this year.
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