Mon, May 27, 2013 - Page 14 News List

Sales of listed companies in Q1 down 3.4 percent

Staff writer, with CNA

Sales generated by companies listed on Taiwan’s main board and the over-the-counter (OTC) market for the first quarter fell 3.4 percent from a year earlier to NT$6.07 trillion (US$202 billion), government statistics showed on Saturday.

According to the statistics compiled by the Ministry of Economic Affairs, sales posted by computer and optoelectronics firms listed on the main board and OTC market during the three-month period totaled NT$2.17 trillion, the highest level among all of the sectors in the bourse.

However, the sales figure was 10.7 percent less than a year earlier as consumers postponed their purchasing plans before the launch of new products, the statistics indicated.

The electronics component sector came in second in terms of revenue after posting NT$1.1 trillion in sales in the first quarter, a 5.4 percent increase from a year earlier.

At the end of March, a total of 811 firms were listed on the Taiwan Stock Exchange, while 638 firms were listed on the OTC market.

In the three-month period, the listed companies on both markets posted NT$258.8 billion in net profit, up 74.7 percent from a year earlier as semiconductor firms became more profitable and the flat panel business turned a profit, the statistics showed.

The electronics component sector was the most profitable in the first quarter after its posted NT$64.8 billion in net profit ahead of the computer and optoelectronics sector, which recoded NT$45.4 billion in net profit.

The listed companies spent NT$338.9 billion in fixed capital investments in the first three months, up 2.4 percent year-on-year, with the electronics component sector pouring the biggest chunk of investments, worth NT$154.7 billion, among all of the sectors.

Their expenditure in research and development for the first quarter totaled NT$118 billion, up 5.2 percent from a year earlier, while the electronics component sector spent NT$53.6 billion in R&D, the largest chunk among all of the sectors.

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