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Sun, Aug 28, 2005 - Page 11　News List

Taiwan may profit from textile dispute

CONVENIENT QUOTAS As the EU and US try to stem the flow of cheap products from China, Taiwanese firms like Far Eastern Textile are polishing their sales pitches

AP , TAIPEI

Far Eastern Textile holds a 34 percent stake in mobile phone operator FarEasTone Telecommunications Co (遠傳電信).

Far Eastern and FarEasTone are scheduled to report second-quarter results to the Taiwan Stock Exchange at the end of the month.

Far Eastern Textile reported first-quarter net profit of NT$2.75 billion, up 10 percent from the first quarter last year. The quarterly profit was boosted by non-operating income of NT$3.07 billion, according to the Taiwan Stock Exchange.

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