 2009-07-17 |
|
|
YC to Announce Dividend on August 12; Analysts Estimate Non-Core Contributions to Q2 Pre-Tax EPS of Approximately NT$0.8
(Times reporter He Meiru, Taipei)
YC (4306) announced yesterday that it will declare dividends on August 12, distributing NT$2 per share, which includes NT$1.7 in stock dividends and NT$0.3 in cash dividends. In June, YC recognized revenue of NT$631 million from its subsidiary Wangzhou Construction's "City of the Coast" project, along with profits from the recent sale of land. Analysts estimate that these non-core contributions could add approximately NT$130 to NT$140 million, which is expected to boost YC's pre-tax earnings per share for Q2 by about NT$0.8.
The record date for the dividend is set for August 18, 2009, with the suspension of stock transfers starting on August 14 and ending on August 18. Additionally, the conversion period for convertible bonds will be suspended from July 23 to August 18.
Looking ahead to the third quarter, YC indicated that demand remains strong; however, the main issue lies in the rising prices of raw materials like polypropylene (PP), which have increased significantly, making it challenging to fully pass on these costs to consumers. Currently, the selling prices can only reflect about 90% of the raw material price increases. Recently, crude oil prices dropped from US$73 to below US$60; however, due to production delays of new capacities in the Middle East, the response of raw material prices has been slow. YC expects that raw material prices will be corrected in August, which will benefit its operations in Q3. |
|
