 2015-05-13 |
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YC April Consolidated Revenue Up 9.66%
[Reporter Zhang Hui-wen, Taipei]
Taiwan's leading adhesive tape company, YC Group (4306), announced that its revenue for April was NT$1.579 billion, a 9.66% increase from the previous month. However, cumulative revenue for January to April decreased by 13.34% compared to the same period last year. The group's subsidiary, ACHEM (1715), reported consolidated revenue of NT$926 million for April, up 6.96% from March, but its cumulative revenue for the first four months was down 7.64% year-over-year. Xinzhou Global (3171) achieved consolidated revenue of NT$141 million in April, a 5.73% increase from March, with a 5.38% decrease in cumulative revenue for the first four months compared to the previous year.
YC Group stated that after ACHEM experienced a downturn in the first quarter due to a sharp drop in oil prices and reduced unit prices, its operations have gradually improved in April with increased export orders to the US and Japan and stabilized demand in the Mainland China market. Additionally, with the Yangmei PE plant and the Hai’an plant in Mainland China starting operations in the second half of this year, and the gradual realization of vertical integration benefits, ACHEM's overall performance is expected to show a recovering growth trend.
Furthermore, Xinzhou Global, after integrating its packaging business, has seen significant improvements in Taiwan, with stable growth expected in the Taiwanese packaging market this year. In Mainland China, after a restructuring phase last year, the business has achieved monthly breakeven. The expansion into Central and Northern China is anticipated to show results starting in the second quarter. With the benefits of lower procurement costs and improved performance in Mainland China, Xinzhou's operations and profitability are expected to show significant growth this year. |
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