FDC hits highest-ever revenue
Hotel and restaurant operator FDC International Hotels Corp (雲品國際), which expanded its banquet business through a number of acquisitions and mergers last year, yesterday reported that its net profit increased 19 percent to NT$228 million (US$7.82 million) from a year earlier, or record earnings per share of NT$3.48. The company’s revenue was the highest in its history at NT$1.53 billion, up 15 percent year-on-year. The company’s board has proposed a cash dividend of NT$2.75 per common share, which would mean a payout ratio of 79.02 percent if it is approved at an annual general meeting scheduled for May 30.
Nan Ya Plastics dividend up
Nan Ya Plastics Corp (南亞塑膠), a major unit of Formosa Plastics Group (台塑集團) that manufactures electronic materials and plastic, fiber and petrochemical products, yesterday said its board has approved a cash dividend of NT$5.1 per common share, the highest since 2009. Based on last year’s earnings per share of NT$6.87, the payout ratio is 74.24 percent. Meanwhile, Formosa Plastics Corp (台塑), the Formosa Plastics Group’s flagship company and the nation’s largest maker of polyvinyl chloride resins, on Thursday approved a cash dividend of NT$5.7 per common share, a seven-year high that represents a payout ratio of 75.2 percent based on last year’s earnings per share of NT$7.58.
Lion Travel sees record sales
Lion Travel Service Co (雄獅旅行社) yesterday posted record sales and earnings for last year and the company’s board has proposed a cash dividend of NT$5.2 per share. Lion Travel said net profit reached NT$455 million last year, or earnings per share of NT$6.5, with revenue increasing 22.4 percent year-on-year to NT$26.78 billion. The company attributed the growth to 15.65 million Taiwanese making overseas trips last year, up 7.3 percent from a year earlier. Efforts to adjust its product portfolio and marketing strategy, as well as to develop overseas markets and additional distribution channels, also helped generate the improved results, Lion Travel said. The company’s annual shareholders’ meeting on June 15 is to vote on the dividend proposal.
Win’s net profit jumps 20.9%
Win Semiconductors Corp (穩懋), the world’s largest pure-play gallium arsenide foundry, on Thursday posted net profit of NT$3.76 billion for last year, up 20.9 percent from NT$3.11 billion in 2016. That translated into earnings per share of NT$9.34, from NT$6.04. Revenue grew 25.48 percent to NT$17.09 billion from NT$13.62 billion. The company’s board also proposed a cash dividend of NT$7, which represents a payout ratio of 74.95 percent. The company’s annual shareholders’ meeting on June 15 is to vote on the proposal.
Optimax forgoes dividend
Optimax Technology Corp (力特光電), a supplier of polarizing films that are a central component of LCD technology, has decided not to distribute a dividend to shareholders this year, as the company reported a net loss of NT$213 million for last year, or a loss per share of NT$0.66. The regulator might ban margin trading in Optimax shares next month at the earliest, as the firm’s net value has fallen below the threshold of NT$5 per share to NT$4.68, the Chinese-language Economic Daily News reported.
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
US-CHINA TENSIONS: The company said that it supplies self-designed chips to the Chinese company and, as such, is not affected by the latest US export restrictions Macronix International Co (旺宏電子) said it does not expect its shipments of memory chips to Huawei Technologies Co (華為) to be affected by the latest US export restrictions on the Chinese tech giant. “As long as the company [Huawei] places orders, we will ship [chips], unless the [Taiwanese] government restricts all Taiwanese companies from shipping” to Huawei, Macronix chairman and chief executive officer Miin Wu (吳敏求) said on Monday in Hsinchu. The US Department of Commerce on Friday took a further step to block chip supplies from non-US companies to Huawei by requiring foreign semiconductor makers to get US government permission before
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to