Fri, Mar 15, 2019 - Page 11 News List

TWSE firms report sales declines

Staff writer, with CNA

Sales posted by companies listed on the Taiwan Stock Exchange (TWSE) for last month fell slightly from a year earlier, with analysts attributing the decline largely to the reduced number of working days due to the nine-day Lunar New Year holiday.

TWSE data showed that revenue generated by listed firms totaled about NT$2.01 trillion (US$65.05 billion), down 0.77 percent, or NT$15.6 billion, from a year earlier.

The data showed that 509 firms reported year-on-year sales declines, while 421 firms reported increases.

Revenue posted by listed local firms was NT$1.96 trillion, down 1.08 percent from a year earlier, while sales generated by foreign incorporated firms increased 13.18 percent to NT$49.8 billion, the data showed.

Among major firms listed on the local main board, contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電) posted consolidated sales of NT$60.89 billion, down 5.8 percent from the same period last year, while Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, reported consolidated sales rose 14.14 percent year-on-year, ending four months of falls, at NT$2.532 billion.

The TWSE said the information service sector posted the highest year-on-year increase of 25.71 percent in sales, ahead of the financial/insurance sector (up 19.77 percent), while the glass and ceramic industry saw the steepest decline of 16.13 percent, followed by the auto industry (down 11.97 percent).

In the first two months of the year, TWSE-listed firms posted NT$4.77 trillion in sales, down 0.12 percent or NT$5.5 billion from a year earlier, the data showed.

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