 2015-08-14 |
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(Central News Agency Reporter Pan Zhiyi, Taipei, August 14, 2015) Tape manufacturer YC Group (4306) announced that for the first half of 2015, its consolidated revenue was NT$8.68 billion, with a consolidated net profit after tax of NT$224 million, resulting in earnings per share (EPS) of NT$0.44.
Its subsidiary Achem (1715) reported consolidated revenue of NT$5.15 billion for the first half of the year, with a consolidated net profit after tax of NT$100 million and EPS of NT$0.25.
For the second quarter, YC’s consolidated revenue was NT$4.62 billion, up 13.8% from NT$4.06 billion in the first quarter. The consolidated net profit after tax was NT$350 million, a significant turnaround from a loss of NT$130 million in the first quarter, with EPS of NT$0.69 for the quarter.
YC noted that in the first quarter, the drop in international oil prices led to lower film prices, and Achem’s petrochemical operations were also negatively impacted by the decline in oil prices, resulting in a loss. However, due to a slight rebound in oil prices in the second quarter and additional non-operating income from the sale of land and buildings in Linkou, the second quarter's profitability improved compared to the first quarter, resulting in an overall turnaround for the first half of the year.
Achem’s second-quarter consolidated revenue was NT$2.68 billion, an 8.9% increase from NT$2.46 billion in the first quarter. However, its consolidated net profit after tax was NT$30 million, a 50% decrease from NT$60 million in the first quarter, with EPS of NT$0.08 for the quarter.
The decline in Achem’s profits for the first half of the year was mainly due to the drop in oil prices, a cautious customer outlook, and weak domestic demand in China, which resulted in low order visibility. Additionally, Achem’s petrochemical operations and Ningbo plant continued to incur losses, leading to the recognition of some losses. |
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