 2002-11-29 |
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The listed plastic manufacturer YC (4306) achieved a pre-tax earnings of about NT$3 per share last year, more than double the previous year. With the support of its mainland factory, the group’s annual revenue is expected to reach NT$3.3 billion this year, marking at least a 10% growth compared to the previous year. As for Xinyi Chemicals (4303), which faced a pre-tax loss of NT$0.23 per share last year due to personnel streamlining at its Taiwan factory and severance payments, it is now expected to see a 12% growth in revenue, with an earnings target of NT$0.8 per share, thanks to the boost from its mainland factory.
YC’s revenue in Taiwan last year reached NT$1.677 billion, a 14.89% increase compared to the previous year, with pre-tax earnings of NT$13 million (not including the mainland factory’s fourth-quarter profits). The mainland factory, in which YC holds a 43% stake, earned NT$102 million last year. This year, the mainland factory aims for NT$1.5 billion in revenue, with profits expected to reach NT$240 million. The Taiwan factory’s revenue target is NT$1.8 billion.
Xinyi, on the other hand, faced losses of NT$121 million at its Taiwan factory last year due to personnel streamlining, severance pay, and unexpected depreciation and interest costs. However, the mainland factory's revenue reached NT$775 million, a 96% increase from the previous year, contributing NT$90 million in profits, which helped reduce Xinyi's pre-tax loss to NT$31.01 million.
Source: China Times, November 29, 2002 |
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