 2012-11-10 |
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By Chiu Chan-Kuang, Economic Daily News
Taiwan's leading adhesive tape manufacturer, YC (4306) Group, reported consolidated revenue of NT$1.542 billion for October, a 10.15% month-on-month increase. However, compared to the same period last year, revenue declined slightly by 1.69%.
YC stated that with the conclusion of the U.S. election and China's 18th National Congress, the global economy has an opportunity to gradually stabilize. The company expects that both YC and ACHEM will see steady revenue growth in November. YC’s individual revenue for October was NT$551 million, a 13.44% increase from the previous month, and a 26.32% year-on-year increase from NT$436 million last year.
YC explained that weaker performance in the third quarter was due to the clearance of substandard products and a decline in demand in Mainland China’s film market. However, with the gradual recovery in the demand for films and adhesive tapes in October, YC's revenue grew by double digits, signaling that overall operations could rebound in the fourth quarter. |
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