 2012-08-13 |
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(Central News Agency, Reporter Zhao Xiaohui, Taipei, August 13, 2012) Rising international oil prices have prompted aggressive restocking by film and tape customers. Taiwan’s leading tape manufacturer, YC (4306), reported a self-calculated 52.8% month-over-month increase in July revenue and a 3.81% year-over-year increase. The group’s consolidated revenue grew by 0.88% month-over-month and 3.81% year-over-year.
YC’s self-reported July revenue was NT$588 million, a significant 52.8% increase from NT$384 million in June, and a 3.81% rise compared to NT$423 million in the same period last year. The group’s July consolidated revenue reached NT$1.605 billion, up 0.88% from NT$1.591 billion in June, and a 3.81% increase compared to NT$1.546 billion in July of the previous year.
Its subsidiary, ACHEM (1715), reported standalone July revenue of NT$393 million, a 10.64% decrease from NT$440 million in June, primarily due to shipment delays from Middle Eastern customers caused by regional tensions. However, this was a 6.1% increase compared to NT$370 million in the same period last year.
YC stated that, in July, tensions in the Middle East led to higher international oil prices, which triggered aggressive restocking by film and tape customers, resulting in a sharp increase in order demand and driving overall revenue growth despite unfavorable conditions. However, YC also noted that global economic uncertainty persists, and demand in the second half of the year remains weak. YC and ACHEM expect stable performance in August, but if oil prices continue to rise, downstream restocking demand is likely to reemerge, supporting potential revenue growth. |
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