 2015-11-25 |
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Over-the-counter stock Xinzhu Global (3171) is seeing improvements in its operations. Xinzhu focuses on the Chinese market, offering a comprehensive range of products and technologies including various types of tapes, packaging materials, packaging machinery, and plastic film processing. With its strategic layout in China starting to pay off, both revenue and profitability are expected to rebound. After completing adjustments, Xinzhu remains optimistic about the fourth quarter and next year, forecasting that next year’s performance will surpass this year's results.
Profit Exceeds Last Year’s Total in First Three Quarters
Currently, Xinzhu’s revenue composition is 97% from packaging materials and 3% from cloud services. In the third quarter, the company reported a profit of 23 million NT dollars, with earnings per share (EPS) of 0.4 NT dollars, reflecting a year-on-year increase of over 30%. For the first three quarters, the total profit reached 75 million NT dollars, with an EPS of 1.27 NT dollars, marking a year-on-year growth rate of 54%, exceeding last year's total profit. |
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