 2012-06-11 |
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Central News Agency - 11:02 AM
Despite a downturn in the plastics industry, YC has maintained stable tape volumes and prices, and the benefits of its packaging material distribution layout are becoming apparent. In May, its consolidated revenue increased by 5.33% month-over-month and 8.72% year-over-year. It is anticipated that inventory replenishment needs will return in June, and revenue is cautiously optimistic pending stabilization of oil prices.
In May, YC reported standalone revenue of NT$5.12 billion, a decrease of 4.03% from the previous month's NT$5.34 billion but an increase of 9.36% from NT$4.68 billion in the same month last year. Its consolidated revenue reached NT$16.17 billion, up 5.33% from NT$15.36 billion in the previous month and up 8.72% from NT$14.88 billion year-over-year.
Its subsidiary, ACHEM, reported standalone revenue of NT$4.75 billion in May, a 2.15% increase from NT$4.65 billion in the previous month and a 22.52% increase from NT$3.87 billion year-over-year.
YC indicated that May’s performance was impacted by the ongoing European debt crisis and the continuous decline in international oil prices, which affected downstream demand. However, stable tape product volumes and prices, coupled with the benefits from the "Bao Dashi" packaging distribution network, contributed to a slight growth in consolidated revenue.
Looking ahead to June, YC expects a rebound in performance as downstream inventory depletion appears to have bottomed out, with replenishment needs expected to return. However, revenue growth will depend on the stabilization of oil prices, which will drive a rebound in the plastics market. |
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