Taipei Times - All News - 11:54 ET Mar 19, 2010Formosa Plastics Corporation (1301)
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Oscar Yee
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Citigroup GlobalFormosa Chemicals & Fibre Corp (????) yesterday said its after tax profit last year expanded nearly five times from a year ago amid recovering demand, especially from China. The company, one of the four largest units of the
Formosa Plastics Group (????), said in a stock exchange filing that it made a profit of NT$29.44 billion (US$925.8 million), or NT$5.17 in earnings per share (EPS), last year. This compares with a net profit of NT$6.1 billion, or EPS of NT$1.10, in 2008 the lowest since 2001 when the company reported NT$4.61 billion in profit.
Last year's net profit was also higher than the NT$28.61 billion forecast by Citigroup analyst Oscar Yee (???) in a client note on Feb. 24. Yee predicted the company would report a net profit of NT$31.53 billion this year, supported by demand from China and a better product mix, the note said
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Formosa Chemicals & Fibre Corp (????) yesterday said its after tax profit last year expanded nearly five times from a year ago amid recovering demand, especially from China. The company, one of the four largest units of the <span class="company">Formosa Plastics</span> Group (????), said in a stock exchange filing that it made a profit of NT$29.44 billion (US$925.8 million), or NT$5.17 in earnings per share (EPS), last year. This compares with a net profit of NT$6.1 billion, or EPS of NT$1.10, in 2008 the lowest since 2001 when the company reported NT$4.61 billion in profit.<span class="sent"> Last year's net profit was also higher than the NT$28.61 billion forecast by Citigroup analyst <span class="analyst">Oscar Yee</span> (???) in a client note on Feb. 24.</span> Yee predicted the company would report a net profit of NT$31.53 billion this year, supported by demand from China and a better product mix, the note said....Formosa Chemicals & Fibre Corp (????) yesterday said its after tax profit last year expanded nearly five times from a year ago amid recovering demand, especially from China. The company, one of the four largest units of the <span class="company">Formosa Plastics</span> Group (????), said in a stock exchange filing that it made a profit of NT$29.44 billion (US$925.8 million), or NT$5.17 in earnings per share (EPS), last year. This compares with a net profit of NT$6.1 billion, or EPS of NT$1.10, in 2008 the lowest since 2001 when the company reported NT$4.61 billion in profit.<span class="sent"> Last year's net
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