 2015-05-20 |
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May 18, 2015, 08:53:04, Reporter Zheng Yingzhi
New Asia Q1 Net Profit Increases by 40% Year-On-Year, EPS NT$0.38
New Asia Global (3171), a subsidiary of YC Group (4306), reported a consolidated revenue of NT$388 million for Q1, a 5.3% decrease compared to the same period last year. However, the consolidated net profit after tax for Q1 was NT$22 million, a 40% increase from NT$16 million in the previous year. The EPS for Q1 was NT$0.38.
The slight decrease in revenue was primarily due to a drop in product prices caused by falling raw material costs. Despite this, profitability saw significant growth. This improvement is attributed to lower raw material costs for packaging, a dense network of operations in Taiwan, and progressively better performance in China, which led to a substantial increase in gross margin. The 40% rise in net profit after tax indicates that the company's operational synergies are taking effect.
Looking ahead, the Taiwanese packaging market is expected to continue stable growth. Additionally, New Asia’s "Bao Da Shi" brand, which has been building its presence in China over the past year and partnering with major Taiwanese businesses there, is expected to further enhance its performance. The company plans to leverage online platforms and enter the supply chains of large manufacturing firms, which is anticipated to drive significant growth in both revenue and profitability for the year. |
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