 2010-04-20 |
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Benefiting from the recovery and rebound in demand in the European and American markets, along with stable real estate income, YC (4306) achieved consolidated revenue exceeding NT$1.5 billion in March, with its first-quarter operational performance surpassing expectations. Analysts estimate YC's gross profit margin for the first quarter to be around 13.5% to 14%. With growth in its core business, investments in ACHEM, and real estate revenue, pre-tax profit increased by 10% to 20%, reaching NT$150 million to NT$170 million, with earnings per share (EPS) before tax expected to reach NT$0.7.
Looking ahead to the second quarter, YC indicated that global consumer demand is steadily recovering, with significant growth in demand for packaging materials used in everyday consumer goods in both Asia and the West. The share of the European and American markets has risen from 20% last year to 35%, while China and other Asian regions account for around 65% to 70%. In April, reflecting rising costs, product prices increased by 5% to 8%, and quarterly operations are expected to improve further as both prices and volume increase.
Analysts believe that with the simultaneous rise in prices and volume, YC's gross profit margin in the second quarter is likely to exceed 14%, with quarterly operations projected to grow by 10% to 15%. |
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