 2017-07-10 |
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Taiwan's leading tape manufacturer YC Group has announced its revenue performance for June. YC (4306) reported consolidated revenue of NT$1.497 billion for June, an increase of 1.93% from the previous month. Its subsidiary Achem (1715) reported consolidated revenue of NT$994 million for June, up 10.07% from the previous month. Xinzhou Global (3171) reported consolidated revenue of NT$138 million for June, an increase of 7.12% from the previous month.
Xinzhou Global (3171) experienced revenue growth in June due to increased demand for packaging materials in Taiwan, with a 7.12% month-on-month increase. Looking ahead to the second half of the year, which is a peak season for cloud business acceptance and high demand for electronic and food packaging materials in Taiwan, the company is expected to maintain stable growth.
Achem (1715) benefited from the continued recovery of orders in the Middle East, the Americas, and mainland China, as well as improved operational efficiency at its Haian plant, leading to a 10.07% increase in overall revenue for June. Looking forward, with continued growth in export orders, the company is expected to maintain gradual growth.
YC (4306) saw a 1.93% increase in overall revenue for June 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 overall operations. |
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