 2012-05-01 |
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Reported by Yih-Lang Chou, Taipei
Thanks to higher BOPP (biaxially oriented polypropylene) film prices and a rebound in tape demand, leading tape manufacturer YC (4306) and ACHEM reported strong profits for the first quarter. YC’s net profit was NT$227 million, a 6.23% increase year-over-year, with an earnings per share (EPS) of NT$0.77.
ACHEM, on the other hand, saw a significant increase in net profit to NT$101 million, up 62% from NT$63 million in the same period last year, with an EPS of NT$0.37.
YC is optimistic about China's easing monetary policy and reduced reserve requirement ratio, which are expected to boost the domestic market, enhance consumer confidence, and stimulate purchasing. Additionally, due to rising raw material costs and increases in domestic oil and electricity prices, the company anticipates upward adjustments in product pricing for Q2. |
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