Sat, Jan 09, 2016 - Page 14 News List

Taiwan Business Quick Take

Staff writer

BEVERAGES

Crown & Fancy sells stake

Crown & Fancy Coffee House (金鑛咖啡) yesterday said it had sold another 40 percent stake to major shareholder Star Travel Corp (燦星旅遊), increasing Star Travel’s holdings to 80 percent. The coffee chain, which started out as a street vendor in Kaohsiung in 2000, said it had reached the share sale agreement with Star Travel’s parent company, Tsann Kuen Group (燦坤實業), on Wednesday. The company said it hopes the alliance with the nation’s largest home appliance and consumer electronics chain will help speed up its coffee franchise development in Taiwan and abroad. Crown & Fancy said it plans to increase its number of stores from 27 to 51 by the end of this year. Star Travel chairman Ray Yang (楊文芳) is to serve as the new chairman of Crown & Fancy, replacing Cheng Li-chien (鄭立鍵).

NETWORKING

Accton posts record revenue

Accton Technology Corp (智邦科技), a local maker of computer network equipment such as routers, yesterday reported its revenue last month hit an all-time high. Consolidated revenue grew 10.86 percent year-on-year and 8.98 percent month-on-month to NT$2.76 billion (US$82.39 million) last month, the company said in a statement. By product, network switches accounted for 67.28 percent of the company’s sales last month, carrier access solutions made up 16.7 percent, wireless local area network products 7.28 percent, broadband and gateway devices 2.3 percent and other devices 6.44 percent. The strong performance last month helped boost the company’s cumulative revenue for the whole of last year by 8.28 percent to NT$24.74 billion, the company said.

TRAVEL

Lion Travel sees sales rise

Lion Travel Service Co Ltd (雄獅旅行社), the nation’s largest outbound travel service company, yesterday said that sales for last quarter rose 12.84 percent from a year earlier to NT$4.71 billion, although the figure was 23.19 percent lower than the previous quarter due to seasonal factors. For the whole of last year, the company said it managed to generate record revenue of NT$21.01 billion, up by 18.74 percent year-on-year.

CONSTRUCTION

Highwealth sales skyrocket

Highwealth Construction Co (興富發), which last year focused on first-time and salaried home buyers, yesterday said consolidated sales surged last month because of contributions from new property projects in Taipei, Tainan and Kaohsiung. Sales reached NT$13.59 billion last month, up 160.21 percent year-on-year and 176.56 percent month-on-month, according to the company’s filing with the Taiwan Stock Exchange. However, total sales for all of last year decreased 7.55 percent to NT$34.68 billion from 2014, as the industry was affected by a cooling housing market in Taiwan.

ENTERTAINMENT

Gamania posts record sales

Online game publisher Gamania Digital Entertainment Co (遊戲橘子) yesterday reported its highest-ever annual sales, with last year’s figure totaling NT$9.71 billion, a 6.7 percent increase from 2014. Gamania, the local distributor of NCSoft Corp’s Lineage series of online fantasy games, attributed the increases to the launches of several mobile and PC games, as well as contributions from its e-commerce subsidiary, Jollywiz Digital Technology Co Ltd (樂利數位), and on-demand content streaming subsidiary, Coture (酷瞧). Meanwhile, online game publisher X-Legend Entertainment Co (傳奇網路) yesterday reported annual sales of NT$1.24 billion for last year, a decrease of 15.92 percent from the previous year.

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