Tue, Jan 07, 2014 - Page 13 News List

Nonwoven says revenue to grow 23%

By Camaron Kao  /  Staff reporter

Nonwoven manufacturer Nan Liu Enterprise Co (南六) yesterday said higher utilization rate at its Zhejiang factory in China could lead to a 23 percent growth in revenue this year from the NT$4.57 billion (US$152 million) recorded last year.

“Because of a series of capacity expansions in the second half of last year, our revenue will reach a higher level this year,” Chuang Chun-chin (莊春金), a finance manager at the Greater Kaohsiung-based company, said by telephone.

“The utilization rate of our new capacity will be at its highest in the second quarter,” she said.

Nan Liu yesterday reported a record revenue of NT$471.03 million last month, up 9.35 percent from NT$430.74 million a month earlier and 21.62 percent from NT$387.29 million a year ago, according to its filing to the Taiwan Stock Exchange.

Last quarter, the company posted record revenue of NT$1.3 billion, up 16.07 percent from NT$1.12 billion a quarter ago and up 27.45 percent from NT$1.02 billion a year ago, according to the filing.

The company said it aims to maintain its monthly revenue throughout the year, translating into an annual revenue of NT$5.65 billion for this year, up 23.63 percent from last year.

In the first three quarters last year, the company reported a profit of NT$263.8 million, or NT$3.75 per share, up 94.57 percent from NT$135.58 million, or NT$2.22 per share, in 2012.

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