Wed, Nov 13, 2013 - Page 13 News List

Uni-President chairman Kao resigns

NEW BLOOD:The firm’s president, Alex Lo, will take the post. Uni-President did not say if the resignation was connected to the oil scare, which has affected two subsidiaries

By Kevin Chen  /  Staff reporter

In the first three quarters this year, the company saw its net profit increase by an annual rate of 8.9 percent to NT$10.98 billion, or NT$2.13 per share. Consolidated revenue expanded 5.04 percent to NT$359.64 billion in the first 10 months from a year earlier, according to company filings to the Taiwan Stock Exchange.

Uni-President shares rose 0.93 percent to close at NT$54 yesterday on the Taiwan Stock Exchange.

This story has been updated since it was first published.

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