Taiwan Business Quick Take

Staff writer

Mon, Mar 11, 2019 - Page 15


Synnex subsidiary expands

Synnex Technology International Corp (聯強) last week announced that an Indonesian subsidiary opened a logistics center last month, as the outlook for information technology and communications products in the country remains bright. PT Synnex Metrodata Indonesia, a joint venture with PT Metrodata Electronics, Indonesia’s largest information technology firm, expects the center to increase customer satisfaction and reduce logistical costs, Synnex said. The firm reported revenue of NT$53.3 billion (US$1.72 billion) for the first two months of the year, down 5 percent year-on-year.


Shin Zu Shing sales jump

Notebook PC and LCD monitor hinge maker Shin Zu Shing Co Ltd (新日興) reported earnings per share of NT$6.67, the highest in three years, thanks to rising sales and improved gross margins. Net profit for last year increased 62.3 percent annually and operating profit grew 15 percent to NT$1.51 billion, with revenue rising 11.4 percent to NT$9.65 billion, the company reported on Friday. New AirPod orders from Apple Inc would boost the company’s sales this year, while its advantage in metal injection molding technology and hinges for foldable devices could make a greater contribution, analysts said.


Jinli sales fall 30.25%

Jinli Group Holdings Ltd (金麗), an apparel maker that focuses on the Chinese market, on Friday said that consolidated sales fell 30.25 percent last month from a year earlier due to seasonal factors and fewer working days. Sales last month were NT$128 million, also down 54.69 percent from January, Jinli said. Combined sales for January and last month dropped 26.7 percent year-on-year to NT$410 million as trade tensions weighed on consumer demand in China, the company said.