 2016-03-30 |
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Xinzhou Global's Profits Increased by Over 40% Last Year
March 30, 2016, 11:00 PM
Taiwanese tape leader YC Group's subsidiary, Xinzhou Global, announced that its consolidated revenue for 2015 was NT$1.734 billion, with consolidated net profit after tax of NT$83 million, reflecting a 43% growth compared to 2014. The earnings per share (EPS) was NT$1.41.
Xinzhou Global noted that stable performance in Taiwanese packaging orders, combined with the reorganization of sales points in Mainland China and a focus on major key manufacturers, contributed to significant operational growth despite inventory adjustments and the provision for bad debts.
Looking ahead, Xinzhou Global plans to gradually expand into the packaging markets in Taiwan's Hualien and Taitung regions, as well as central and southern Taiwan, and to enter the e-commerce sector. In Mainland China, the company will continue to develop service points in economic development zones across East China, North China, Central China, and South China, with expectations for substantial growth in performance this year. |
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