 2015-05-14 |
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May 13, 2015, 15:05, Peng Xuan-yi, China Times
Xinzhou Global (3171) has seen stable performance and growth in its packaging business after integration efforts. In April, consolidated revenue reached NT$1.41 billion, up 5.73% from the previous month. With the benefits of reduced procurement costs and improved operational performance in mainland China, significant profitability is expected this year.
Xinzhou Global reported that its integration strategy is proving effective, with notable improvements in operational efficiency in Taiwan. The Taiwanese packaging market is anticipated to maintain steady growth this year. In mainland China, after a period of restructuring last year, the company's packaging operations have now reached a break-even point on a monthly basis. With further expansion into Central and North China, the positive effects are expected to become more apparent in the second quarter, helping the company fully overcome previous losses. |
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