 2017-04-10 |
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Taiwan's leading tape manufacturer YC Group has announced its revenue performance for March. YC (4306) reported consolidated revenue of NT$1.701 billion for March, an increase of 36.55% from the previous month. Its subsidiary Achem (1715) reported consolidated revenue of NT$1.001 billion for March, up 27.55% from the previous month. Xinzhou Global (3171) reported consolidated revenue of NT$133 million for March, an increase of 23.23% from the previous month.
Xinzhou Global (3171) experienced revenue growth in March due to increased demand for packaging materials in Taiwan, with a 23.23% month-on-month increase. Looking ahead, with stable performance in packaging and cloud services, and the completion of customer structure adjustments and product certifications for medium and large clients in mainland China, the company is expected to maintain stable growth.
Achem (1715) benefited from stable growth in orders from the Middle East, the Americas, and mainland China, as well as improved operational efficiency at its Haian plant, leading to a 27.55% increase in overall revenue for March. Looking forward, with continued growth in export orders, the company is expected to maintain gradual growth.
YC (4306) saw a 36.55% increase in overall revenue for March compared to the previous month, due to stable growth in its tape and film businesses and a gradual increase in export volume in the tape industry. Looking ahead, with stable crude oil and raw material prices and the anticipated profit boost from the completion of the Linkou Ultra-premium Project in the second half of the year, the company is expected to be cautiously optimistic about its overall performance. |
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