Wed, May 10, 2006 - Page 11 News List

Business Briefs


■ UMC makes gains

United Microelectronics Corp (UMC, 聯電), the world's second-largest contract chipmaker by revenue, said yesterday its revenue for last month rose to NT$8.46 billion (US$269.07 million), up 32.9 percent from the same month last year. The company posted revenue of NT$6.37 billion for April last year. UMC supplies semiconductor chips to several of the biggest companies in the global high-tech sector for use in a variety of products, including desktop computers, notebooks, mobile phones and digital cameras. For the four months ended April 30, UMC reported revenue of NT$32.85 billion (US$1.04 billion), 23.2 percent higher than the NT$26.65 billion in the same period last year, according to a statement on its Web site. UMC's revenue for last month was also up compared to the NT$8.455 billion posted for March.

■ Tsann Kuen trading to resume

Shares of Tsann Kuen Group (燦坤實業) will resume normal trading on the local bourse starting tomorrow, after the nation's largest home appliance and consumer electronics retailer chain passed the auditing of its financial report for last year, the Taiwan Stock Exchange said yesterday. Tsann Kuen's shares were restricted to cash transactions only since last Friday as its certified public accountant (CPA) issued a "qualified opinion" in its annual audit report for last year. Tsann Kuen said it had obtained an "unqualified opinion" for the report on Monday after its CPA in China completed auditing its results. Shares of Tsann Kuen rebounded by the 7 percent daily limit to close at NT$44.6 (US$1.42) yesterday.

■ Pre-tax revenues up

The nation's listed companies grew richer, as the combined first-quarter pre-tax income of the firms publicly traded on the Taiwan Stock Exchange increased by NT$63.3 billion (US$2 billion), or 31.57 percent, from a year ago, the Financial Supervisory Commission said yesterday. Companies traded on the GRETAI Securities Market saw their pre-tax income increase by NT$9.4 billion, or 117.50 percent, over the same period, the statistics showed. Five of the nation's 1,206 listed companies failed to report their financial results for last year and the first quarter of this year by the deadline, including power transformer maker Potrans Electrical Corp (鴻運電子) and telecom software system provider Dinttap International Corp (鼎太國際), the commission said. These companies will be fined between NT$240,000 and NT$2.4 million and face a new deadline, the commission said. Trading of these companies' shares will also be suspended until their financial reports are completed, it added.

■ Dopod backs brand

Dopod International Corp (多普達), which sells mobile phones made by High Tech Computer Corp (宏達電), said late on Monday that it has hired former BenQ Corp (明基) executive Scott Huang (黃思齊) as its new marketing communication director in a bid to boost the company's brand business in the Asia-Pacific market. opod obtained Beijing's approval early this year to sell mobile phones in China. efore joining BenQ, Huang served in high-ranking positions at Nokia Ojy's local branch and local digital camera brand Him Technology Inc (華研).

■ NT dollar declines

The NT dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.117 to close at NT$31.497. total of US$1.03 billion changed hands during the day's trading.

This story has been viewed 2660 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top