YC Q3 Pre-Tax Earnings Per Share Expected to Challenge NT$1
2003-09-23
(Reported by Peng Xuanyi, Industrial Times, Taipei) OTC-listed plastic company YC (4306) is benefiting from increased economies of scale and a continuous rise in orders for its main products. With the group’s expanding economic scale and vertical integration, the company internally estimates that third-quarter consolidated revenue (domestic and international) could exceed NT$800 million, with the possibility of pre-tax earnings per share reaching NT$1 for the quarter.
Driven by a global economic recovery and rising chemical raw material prices, YC’s Taiwan operations reported pre-tax earnings of NT$82.46 million for the first eight months. YC’s investment in mainland China’s Asia Shuo generated profits of approximately NT$81.42 million from January to August, with Taiwan’s 44% stake contributing an investment income of about NT$35.83 million.
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