Net profit at Formosa Petrochemical Corp soars more than threefold

29-Apr-10
Taiwan’s largest petrochemical conglomerate- Formosa Petrochemical Corp has announced that its net profit soared more than threefold to NT$10.97 bln in Q1-10 from NT$2.66 bln in Q1-09. Revenue for the quarter grew 67.2% year on year to NT$198.27 bln, and its operating profit rose 21.6% year on year to NT$11.9 bln. In 2009, the firm's net profit was NT$39.19 bln, 158% more than the NT$15.19 bln it recorded for 2008, while its revenue fell 27.6% from NT$875.57 bln in 2008 to NT$875.57 bln last year, according to an earlier report from China Knowledge.
  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