Mon, May 13, 2019 - Page 15 News List

Four big Formosa Group units’ revenues take a hit

By Kwan Shin-han  /  Staff reporter

Nan Ya chairman Wu Chia-chau (吳嘉昭) said electronic materials were the main revenue source last month, while sales of epoxy resins and printed circuit boards also increased.

However, sales of ethylene glycol, used in the manufacture of polyester fibers and antifreeze items, plunged NT$1.48 billion annually and NT$900 million monthly, as its price has remained low since January and demand has been sluggish, the company said.

Wu said the company’s revenue for this month would remain the same or increase slightly from last month, while revenue for this quarter is forecast to be higher than last quarter as the industry enters its peak season with more working days than last quarter.

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