Formosa Plastics posts 55% raise in Q4 profits

31-Mar-08
Output increase has boosted Q4 profits at Taiwan's largest polyvinyl chloride (PVC) maker Formosa Plastics Corp, by 55%. Output was increased to meet rising demand from Asia, including China for construction materials, handbags and toys. Other factors affecting profitability have been higher product prices and reduction in output in China due to electricity shortage. Average prices for PVC saw a 16% hike from year ago levels in East Asia in the quarter. Net income rose to NT$11.02 bln (US$363 mln), from NT$7.09 bln a year ago- the figure has been derived by deducting nine-month profit from full-year earnings. Q4 sales rose by 34% from a year ago levels to NT$49.4 bln.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha