 2012-12-05 |
|
|
Economic Daily News
On December 4, Xinzhou Global, a subsidiary of YC Group, announced that it has relocated its office from Zhonghe District, New Taipei City, to its new headquarters in Taishan District. The now-vacant office and parking spaces have been sold, bringing in NT$221 million, with a disposal profit of NT$87.5 million, contributing approximately NT$1.77 to the company’s earnings per share (EPS) after tax.
The company noted that since Xinzhou Global was taken over by YC, its third-quarter financial report has already shown improvement. Currently, the company plans to fully exit the simplified computer business by the end of the year, allowing it to focus entirely on its distribution business. With expected revenue from the distribution business being fully recognized throughout next year, the company’s sales performance is highly anticipated.
Last year, YC Group took control of Tian-Chi, with YC holding a 41.85% stake and ACHEM holding 19.82%. For the first three quarters of this year, Xinzhou Global reported a net loss of NT$16 million, translating to an EPS loss of NT$0.32. However, according to financial analysts, the NT$87.5 million profit from the office sale will enable Xinzhou Global to turn a profit for the full year, with the EPS expected to reach NT$1.5 after tax. |
|
