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Sales of TWSE-listed firms edge up in September

Sales of TWSE-listed firms edge up in September

Taipei, Oct. 14 (CNA) Companies listed on the Taiwan Stock Exchange saw their combined sales rise only 0.12 percent in September from a year earlier, anemic growth that analysts attributed to slowdowns in the domestic and global economies. According to statistics compiled by the TWSE, the 821 companies listed on the main board posted NT$2.61 trillion (US$80.06 billion) in aggregate sales for September, up only NT$3.1 billion, or 0.12 percent, from a year earlier. During the month, 337 of the 821 companies reported year-on-year sales growth, while 484 of them suffered year-on-year declines in sales, the data showed. Many economic think tanks expect Taiwan's economy to have trouble posting 1 percent growth this year, at a time when the country's exports, which account for about 60 percent of national GDP, are being hurt by slowing global demand. In August, the government cut its forecast of Taiwan's 2015 GDP growth to 1.56 percent from 3.28 percent, saying that the country may report only 0.1 percent growth for the third quarter. Though the 821 listed companies on the main board posted weak sales growth in September, sales of companies in the computer and computer peripheral sector were up 17.46 percent from a year earlier to NT$620 billion, the TWSE said. The growth of the computer and computer peripheral sector was the highest among the 28 sectors on the main board, reflecting solid demand for consumer electronics devices, the exchange said. The utility sector posted NT$49.8 billion in aggregate sales in September, down 32.81 percent from a year earlier, the steepest decline of any of the 28 sectors on the main board due to the continued weakness of the global crude oil market. In the first nine months of this year, the 821 listed companies recorded NT$20.5 trillion in aggregate sales, up 0.14 percent from a year earlier, with 339 companies experiencing revenue growth and 482 experiencing decline, the TWSE said. Analysts said the fourth quarter is a traditional peak season for the global high-tech sector so sales posted by these listed companies for the current quarter are expected to grow. (by Tien Yu-pin and Frances Huang)


Updated : 2021-09-18 10:45 GMT+08:00