 2016-03-30 |
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Xinzhou Global 2015 Profits Soared by 40%
March 30, 2016, 17:20
Taiwan's tape leader YC Group's subsidiary, Xinzhou Global (3171), announced that for the year 2015, its consolidated revenue was NT$1.734 billion, with consolidated net income after tax of NT$83 million. This represents a 43% increase in net income compared to NT$58 million the previous year. The earnings per share (EPS) for 2015 were NT$1.41, reflecting impressive operational performance.
Xinzhou Global attributed its growth to stable orders in Taiwan's packaging sector and a strategic realignment in the Chinese market, which included targeting large key manufacturing clients. Despite inventory adjustments and provisions for bad debts, the company still achieved a 40% increase in operational performance.
Looking ahead, Xinzhou Global plans to expand its market presence in Taiwan's Hualien and Taitung areas, as well as central and southern Taiwan, while also venturing into e-commerce. In China, the company will establish service points in economic development zones across East China, North China, Central China, and South China. The company expects its revenue and profits to continue growing significantly this year. |
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