Tue, Dec 14, 2010 - Page 12 News List

Taipei 101 to turn first annual profit this year

Bloomberg

Taipei Financial Center Corp (台北金融大樓公司), owner of the world’s second-tallest building, expects to report its first annual profit since it began operating in 2004 as the number of Chinese tourists more than doubled.

Net income will likely reach about NT$200 million (US$6.65 million) this year from a loss of NT$178.5 million last year, Taipei Financial Center spokesman Michael Liu (劉家豪) said in an interview. The company posted a NT$123.6 million profit in the first half of this year, Liu said.

Average daily Chinese tourist numbers more than doubled to 3,440 in the first half of this year from 1,661 last year, Tourism Bureau Director-General Janice Lai (賴瑟珍) said last month.

Lower interest payments also helped cut expenses of the skyscraper, Liu said.

More than 10,000 people work in its offices and it also has a shopping mall.

Taipei 101 targets a full occupancy rate at the end of next year, Liu added.

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