 2018-07-10 |
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Taiwan's leading adhesive tape company, YC Group, announced its revenue performance for June of year 107. YC (4306) reported consolidated revenue of NT$1.521 billion for June, an increase of 1.62% compared to the same period last year. Xinzhou Global (3171) reported consolidated revenue of NT$121 million for June, a decrease of 11.62% compared to the same period last year.
Xinzhou Global's (3171) revenue for June slightly decreased year-on-year due to the seasonal downturn in packaging material demand in Taiwan and reduced business in the Mainland China market. However, looking ahead, the demand for electronic and food packaging materials in Taiwan is expected to increase in the second half of the year due to the overall favorable economic conditions. Additionally, the packaging business in Mainland China has turned profitable, leading to an expected stable recovery in Xinzhou's operations in the second half of the year.
YC (4306) maintained relative stability in its film and tape businesses due to stable crude oil prices. The Linkou Top Project also continued to contribute revenue through property deliveries. However, Achem Petrochemical halted production in June for annual maintenance, resulting in a significant decrease in revenue from acrylic-related products, causing YC's overall consolidated revenue for June to grow only slightly compared to last year. Looking ahead, the tape and film businesses are expected to continue improving as export orders steadily increase. With Achem Petrochemical resuming production in July and operating conditions benefiting from sustained high raw material prices, the losses are expected to decrease. Additionally, continued property sales and deliveries from the Linkou Top Project will further contribute to profits. Therefore, the overall business outlook for YC this year remains optimistic. |
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