Wed, Apr 28, 2010 - Page 11 News List

Business Briefs

STAFF WRITER, WITH AGENCIES

TAIEX loses ground

Share prices lost ground yesterday, with the TAIEX falling 11.7 points, or 0.14 percent, to close at 8,146.44.

The bourse opened at the day’s high of 8,174.85 and fell to 8,121.14 before rebounding. Market turnover totaled NT$108.52 billion (US$3.47 billion). Losers outnumbered gainers 1,873 to 1,181, with 319 shares remaining unchanged.

Foreign investors and Chinese qualified domestic institutional investors were net sellers of NT$7.8 billion in shares.

Silitech Q1 income increases

Silitech Technology Corp (閎暉), a supplier of mobile phone keypads to Nokia Oyj, said yesterday in a stock exchange filing that its first-quarter net income had increased 93 percent year-on-year to NT$289 million, or NT$1.65 in earnings per share.

Operating income was NT$419 million in the first quarter, down 3 percent from the previous quarter, but up 96 percent from a year ago.

Consolidated revenue totaled NT$2.86 billion, up 43 percent from a year earlier, the filing showed.

The company’s board also approved a proposal to distribute NT$4.4 in cash dividends per share and NT$0.1 in stock dividend (or 10 shares per 1,000 held) to shareholders based on last year’s earnings.

Winbond revenues rise

Computer memory chipmaker Winbond Electronics Corp (華邦電子) yesterday reported first-­quarter net income of NT$384 million, or NT$0.11 per share, the Taichung-based company said on its Web site.

Revenue totaled NT$7.013 billion for the quarter, up 8 percent from the previous quarter, and a jump of 124 percent from a year ago, the company said. Gross margin was 17 percent, it added.

Winbond said niche DRAM products — including NOR flash, specialty DRAM, mobile RAM and graphics DRAM — accounted for 90 percent of first-quarter revenue, with commodity DRAM making up the remainder.

Food producer’s profits rise

Uni-President Enterprises Corp (統一企業), the nation’s largest food manufacturer, said on Monday its first-quarter net profit rose 49.3 percent from a year earlier to NT$3.09 billion, or NT$0.79 a share. Revenue rose 5.5 percent to NT$10.79 billion from a year earlier.

Uni-President said in a statement that its net profit for last year more than doubled to NT$7.86 billion, or NT$1.98 a share, from a year ago.

The board also approved plans to sell up to 250 million shares, another statement said.

The board also agreed to offer a cash dividend of NT$0.80 per share and a stock dividend of NT$1.0 per to shareholders, compared with NT$0.44 in cash and NT$0.44 in stock the previous year.

SITI given green light

The Investment Commission on Monday gave the green light to SITC Maritime Group (海豐航運), China’s largest private shipping company, to set up a branch office in Taiwan.

The Shangdong-based SITC applied to initially remit NT$12 million into Taiwan for the establishment of the office, the commission said.

With the opening of the branch, SITC will be able to operate independently in Taiwan without relying on its Taiwan-based agents.

SITC was the first Chinese shipping company approved to establish a local affiliate since the signing of a cross-strait shipping agreement more than one year ago.

NT dollar loses ground

The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.053 to close at NT$31.412. Turnover was US$883 million.

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