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Listed manufacturers' net profit hits new high in H1

Listed manufacturers' net profit hits new high in H1

Taipei, Aug. 29 (CNA) Manufacturers listed on the local main board and over-the-counter (OTC) market posted a more than 14 percent year-on-year increase in net profit for the first half of this year, with earnings hitting a new record high, largely on the back of falling operating costs, according to the Ministry of Economic Affairs (MOEA). Statistics compiled by the MOEA showed that listed manufacturers in Taiwan recorded NT$595.5 billion (US$18.16 billion) in net profit for the first six months of the year, up 14.6 percent from a year earlier. In the six-month period, electronics component makers' net margin stood at 11.7 percent, the highest among the all segments, largely due to a strong demand for wafers made using advanced technology processes. The chemical segment came in second with net margin at 7.8 percent, the data indicated. Despite a spike in net profit, these companies saw their revenue growing only 0.5 percent from a year earlier to NT$10.87 trillion, according to the data. The MOEA said that the data involved a total of 972 manufacturers listed on the local equity market. In terms of the second quarter of this year, the 972 listed manufacturers in the country posted NT$309.9 billion in net profit, up 10.96 percent from the NT$279.3 billion seen over the same period of last year, the ministry said. The electronics component segment enjoyed the highest earnings of NT$133.3 billion in the second quarter, followed by the chemical material segment with NT$47.1 billion, the computer/electronics/optoelectronics segment with NT$47 billion, and the oil/coal segment with NT$25 billion. These manufacturers posted a net margin of 5.7 percent in the second quarter of this year, up 0.7 percentage points from a year earlier, the MOEA said, adding that cost cutting helped the oil/coal segment and the chemical material segment enjoy an increase of 10.3 percentage points and 7.3 percentage points, respectively, in net margin in the second quarter. But sales were weak. In the April-June period, the 972 companies posted NT$5.44 trillion in sales, down 2 percent from a year earlier, the data showed. The computer/electronics/optoelectronics segment posted 3.6 percent year-on-year growth in sales in the second quarter, while other segments, such as electronics component makers, base metal suppliers, chemical material firms, oil/coal suppliers and food makers, suffered a fall in sales during the same period. (By Huang Chiao-wen and Frances Huang)


Updated : 2021-09-18 22:53 GMT+08:00