 2012-05-01 |
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Reported by Mei-Ju Ho, Taipei
The tape giant YC Group (4306) has announced its Q1 financial report, showing a net profit of NT$228 million, a 9.6% increase year-over-year, with earnings per share (EPS) of NT$0.77. Its subsidiary, ACHEM (1715), reported a net profit of NT$102 million, up 62.3% from the previous year, with EPS of NT$0.37.
The company is optimistic about China's easing monetary policy and reduced reserve requirement ratio, which are expected to help restore domestic demand. Additionally, with rising raw material costs, recovering demand, and increases in domestic oil and electricity prices, YC anticipates upward adjustments in pricing for Q2 and expects improved operational performance.
Benefiting from the increase in BOPP film prices and a rebound in tape demand, along with the gradual realization of earlier capital expenditure benefits—particularly with new BOPP film lines beginning production this year—YC saw significant revenue growth. For Q1, YC's standalone revenue was NT$1.488 billion, a 16.34% increase from the previous year. Consolidated revenue was NT$4.604 billion, up 6.23% year-over-year. Pre-tax net profit was NT$241 million, an 8.83% increase, with pre-tax EPS of NT$0.81, surpassing last year’s NT$0.76. Net profit was NT$228 million, up 9.6%, with EPS of NT$0.77, also better than last year's NT$0.72.
ACHEM's Q1 standalone revenue was NT$1.268 billion, a 27.18% increase from the previous year. Net profit was NT$102 million, up 62.3%, with EPS of NT$0.37, surpassing last year's NT$0.23.
Looking ahead, YC will have a new film line coming into production in Q2 next year. ACHEM’s Yangmei tape plant is also actively producing specialty tapes, expected to significantly boost its gross margin and profitability. Additionally, ACHEM's tape investments in Ho Chi Minh City, Dongguan, and Shanghai are set to be completed, which is anticipated to inject new momentum into revenue growth, with promising future profitability. http://money.chinatimes.com/newmoney/realtime/newscontent.aspx?NewsSN=010501000332 |
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