 2012-09-11 |
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Rising global oil prices have pushed up the prices of plastic products and driven downstream manufacturers to replenish their inventory. YC Group (4306-TW) reported consolidated revenue of NT$1.688 billion for August, an increase of 5.16% compared to NT$1.605 billion the previous month and a slight rise of 0.22% from NT$1.684 billion in the same period last year. YC’s standalone revenue was NT$495 million, down 15.67% from NT$588 million the previous month but up 7.93% from NT$459 million in the same month last year.
The group’s subsidiary, ACHEM (1715-TW), reported revenue of NT$464 million in August, a substantial increase of 18.18% from NT$393 million the previous month, primarily due to increased orders from Middle Eastern clients. However, this figure was down 1.28% from NT$470 million in the same month last year.
YC noted that in August, global oil prices surged again due to escalating tensions in the Middle East, prompting active inventory replenishment by customers in the film and tape sectors and increased order demand, which boosted the group’s overall revenue.
Looking ahead, YC anticipates that the international economic environment will remain sluggish. The company expects that revenue for both YC and ACHEM in September will be stable. If oil prices continue to rise, increased downstream inventory replenishment needs could drive revenue growth. |
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