 2013-07-11 |
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YC (4306) reported a revenue of NT$1.88 billion for June, marking a month-over-month increase of 13.98% and a year-over-year increase of 18.1%. This growth is attributed to the implementation of IFRSs accounting standards and the consolidation of revenue from the group’s subsidiary, Wangzhou Construction. For the second quarter, total revenue reached approximately NT$5.1 billion, up about 10.8% from the previous quarter and nearly 2.8% year-over-year. Cumulative revenue for the first half of the year amounted to NT$9.666 billion, reflecting a year-over-year increase of approximately 2.7%.
YC noted that with increasing market demand in China and new production capacities coming online, the third quarter is expected to see stable growth. The performance of tape, film, and packaging material businesses is anticipated to surpass that of the previous quarter.
The revenue increase in June is attributed to the implementation of IFRSs accounting standards, which included approximately NT$368 million from the "Yunpin" construction project by Wangzhou Construction.
Regarding profitability, YC expects that overall revenue from tape and film for Q2 will show growth compared to the same period last year, and preliminary estimates suggest that Q2 profitability may also surpass that of the previous year. However, actual performance will be confirmed upon final settlement. |
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