Nan Ren Hu Leisure Amusement Co Ltd (南仁湖育樂), which operates seven expressway service stations, expects its sales to grow by a double-digit percentage this weekend compared with a normal weekday, as motorists hit the nation’s roads during the four-day national holiday.
The long weekend combining Children’s Day and Tomb Sweeping Day began yesterday and continues through Monday.
Nan Ren Hu said its daily customer flow at its service stations generally shows a double-digit percentage growth during holiday weekends compared with weekdays.
This year, there are six weekend holidays, more than in previous years, which should potentially boost Nan Ren Hu’s sales, which rose 13.3 percent year-on-year in the first two months of the year to NT$292.95 million (US$9.36 million).
To boost customer flow, the company plans to adopt different topics with which to decorate its service stations, while readjusting their product mixes, Nan Ren Hu said.
Plans to transform the service stations into leisure attractions would also help sustain sales momentum, the company said.
Nan Ren Hu posted net income of NT$165.27 million, or earnings per share of NT$0.66, last year, up 34.62 percent from NT$122.77 million, or earnings per share of NT$0.44, the previous year.
Meanwhile, the nation’s two major convenience store operators — President Chain Store Corp (PCSC, 統一超商) and Taiwan FamilyMart Co (全家便利商店) — also said they are expecting higher sales during the long weekend.
PCSC, which operates the nation’s largest convenience store chain, 7-Eleven, said the company has prepared an additional 20 percent of beverages and snack food to cope with the expected strong demand from domestic travelers over the weekend.
Taiwan FamilyMart has launched a sales campaign for exclusive picnic products, as it expects many people will go for a picnic during the weekend because of the warm weather.
PCSC’s consolidated sales in the first two months of this year totaled NT$32.08 billion, up 0.37 percent from the previous year, while Taiwan FamilyMart posted NT$8.84 billion in consolidated revenue, an increase of 3.08 percent from the same period last year.
Last year, the two companies reported the highest profits in their history, with PCSC’s net income increasing 13.06 percent year-on-year to NT$9.09 billion, or earnings per share of NT$8.74, while Taiwan FamilyMart’s net income rose 18.24 percent to NT$1.29 billion, or earnings per share of NT$5.8, according to companies’ financial data.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
RSS