Eslite Group (誠品集團) aims to increase group revenue by between 10 percent and 15 percent over the next five years on the back of planned expansion in Taiwan, China and Hong Kong, chairman Robert Wu (吳清友) said yesterday.
The group, which runs bookstores, galleries and department stores, reported a consolidated revenue of NT$13 billion (US$427.98 million) for last year.
Sales for this year could break the NT$14 billion mark, Wu told a media briefing in Taipei after celebrating the group’s 25th anniversary.
Photo: Chang Hui-wen, Taipei Times
The group is set to open its first boutique hotel, with 104 rooms, in Taipei’s Songshan Cultural and Creative Park in the second quarter, and plans to launch its first two department stores in China in the second quarter next year, in Suzhou and Shanghai.
“The outlet in Suzhou may be a department store as large as the company’s flagship outlet in Taipei’s Xinyi District (信義),” said Eslite Spectrum Corp (誠品生活) president Mercy Wu (吳旻潔), who is also vice chairwoman of the Eslite Group and Robert Wu’s daughter.
Eslite Spectrum operates department stores and restaurants. The subsidiary also plays an important role in the group’s overall growth and business strategy.
In the long term, the group plans to launch two or three outlets per year in Taiwan and at least one store in an overseas market, most likely in China and Hong Kong, she said.
The group is also eyeing opportunities to operate and manage a city-level cultural complex in China, she added.
Eslite Spectrum reported consolidated sales in the first two months of the year of NT$587.63 million, up 7.83 percent from a year earlier. Its overall revenue for last year stood at NT$3.44 billion, up 15.26 percent from 2012.
The company posted a net profit of NT$234.14 million, or NT$5.24 per share, for the first nine months last year, up from a net income of NT$157.77 million, or NT$3.85 per share, recorded a year earlier.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
RSS