TCI Co Ltd (大江生醫) posted record-high earnings per share of NT$17.79 for last year, up from NT$8.23 in 2017, as the company benefited from rising sales of dietary supplements, functional foods and skincare products, as well as strong growth in the Chinese market.
Net income last year grew 152 percent to NT$1.79 billion (US$250.46 million), while consolidated revenue almost doubled from NT$4.09 billion to NT$8.1 billion, the company said in a regulatory filing on Wednesday.
China accounted for 81.9 percent of TCI’s revenue last year, followed by the Asia-Pacific region with 8.4 percent, Taiwan with 4.9 percent, and Europe and the US with 4.8 percent, company data showed.
The company’s board of directors on Wednesday approved a plan to distribute a cash dividend of NT$7 per share and a stock dividend of NT$1.5, which represented a payout ratio of 47.78 percent.
The board also proposed to issue 15.39 million new shares, with the company to use the funds raised for business expansion, TCI said.
The proposals are subject to a shareholder vote at the firm’s annual general meeting on May 16, it said.
Given the company’s clear order visibility of two to three quarters, strong demand from Chinese clients and TCI’s determination to promote its new emulsified fish oil products, SinoPac Securities Investment Service Corp (永豐投顧) said it expects triple-digit annual sales growth in the first quarter and high-double-digit growth in the second quarter.
Sales and earnings could this year jump 48 percent and 23 percent respectively, SinoPac said.
TCI’s portfolio ranges from product concept design to original design manufacturing of a variety of items, including functional drinks, capsules, tablets, sachets and powders.
The company has plants and laboratories in Taiwan, China and the US, as well as sales outlets in Chengdu in China’s Sichuan Province, Osaka, Japan, and Paris.
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
RSS