The aggregate net profit posted by 773 listed companies totaled NT$325.9 billion (US$10.86 billion) in the second quarter, up 18 percent from the first quarter, the Taiwan Stock Exchange (TWSE) said on Friday.
The TWSE said 773 listed firms in the non-financial sector met the deadline of Thursday last week to report their second quarter results, while 36 financial institutions, including 14 financial holding companies, are to report their results by Sept. 1.
The average earnings per share (EPS) of the 773 companies rose to NT$0.51 last quarter from the previous quarter’s NT$0.47, as companies benefited from an economic recovery at home and abroad, the exchange said.
The semiconductor sector served as a driver for net profit growth as demand for wafer and memory chips rose on the back of solid sales of mobile devices, particularly smartphones, it said.
Aggregate sales for these firms rose 6 percent quarter-on-quarter to NT$6.29 trillion last quarter, while combined pretax profit rose 25 percent to NT$416.9 billion over the same period, the exchange said.
For the first six months of this year, the aggregate net profit of these companies grew 15 percent year-on-year to NT$601.5 billion, while the combined pretax profit rose 15.07 percent to NT$749.8 billion.
In the six-month period, the companies’ sales totaled NT$12.23 trillion, up 4.68 percent from a year earlier. The average EPS for the six months rose to NT$0.98 from the NT$0.95 recorded over the same period of last year.
In the first half of this year, Taiwan Semiconductor Manufacturing Co (台積電), the world’s largest contract chip maker, ranked as the most profitable company , reporting NT$107.57 billion in net profit.
In terms of EPS, Largan Precision Co (大立光), a leading smartphone camera lens supplier, took first place in profitability by posting NT$50.11 in the first half.
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