 2015-06-09 |
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May 27, 2015, 14:32, Central News Agency
YC Stock Buyback Execution Rate at Only 24.5%, Average Buyback Price at NT$14.95 per Share
YC (4306) announced that its stock buyback program has concluded, with a total of 2,450 shares repurchased out of the planned 10,000 shares. This represents an execution rate of only 24.5%, with an average buyback price of NT$14.95 per share. The company currently holds 0.48% of its own shares relative to the total number of issued shares.
Due to an oversupply in the Chinese film market and a significant drop in prices caused by falling oil prices, YC experienced a loss of NT$128 million in the first quarter, with a loss of NT$0.25 per share. With oil prices stabilizing and market demand increasing, the company expects a rebound in the second quarter, supported by the recognition of profits from the sale of land in Linkou. The company aims to turn its operational losses into profits. |
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