Film Business Underperforms, YC (4306) Posts NT$0.96 EPS for First Half
2012-09-04
[Financial News Express / Reporter Wu Cailian] YC (4306) reported first-half revenue of NT$2.916 billion, a 6.73% year-over-year increase. Pre-tax earnings per share (EPS) were NT$1.21, and after-tax EPS was NT$0.96, representing an 18.24% year-over-year decline, primarily due to the underperformance of its film business. YC Group’s first-half consolidated revenue totaled NT$9.541 billion, a 4.58% increase compared to NT$9.123 billion in the same period last year. Despite uncertainties in the global economic outlook, the group’s production and sales plans remain clear, and stable revenue growth is expected for YC and ACHEM in the second half of the year.
The tape business, led by its subsidiary ACHEM (1715), saw first-half revenue of NT$2.647 billion, up 24.21% from NT$2.131 billion in the same period last year. Pre-tax EPS was NT$0.61, a 19.6% year-over-year increase.
Looking at YC Group’s performance in the first half, the tape business, led by ACHEM, maintained growth in both revenue and profitability. Furthermore, Xinzhou Global’s Bao Dash distribution channel has begun to yield positive results. However, the film business was impacted by an imbalance in market supply and demand, leading to underperformance. Additionally, Weida Optoelectronics, an external investment, was affected by the sluggish electronics industry. The group's tax expenses increased by NT$50 million due to a 10% surcharge on last year’s NT$500 million of undistributed earnings, which impacted net profits after tax.]
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