Miaoli County-based tile producer Champion Building Materials Co (冠軍建材) yesterday posted revenue of NT$900 million (US$31.97 million) for last quarter, up 8.55 percent from three months earlier, as demand improved alongside the property market’s recovery from a local COVID-19 outbreak.
The quarterly sales were the strongest in four quarters, aided by revenue growth of 10 percent to NT$291 million last month, it said in a statement.
Inventory demand picked up significantly last month from major customers in Taiwan, which generated 93.32 percent of its topline, while China accounted for the remaining 6.68 percent, Champion said.
The company operates 10 showrooms nationwide and collaborates with 203 building material suppliers, making it the largest sales network.
Housing transactions in Taiwan accelerated after COVID-19 infections dwindled, encouraging developers to launch new products, it said, adding that decoration demand also lent support to its business.
The company is engaged in the manufacture and trading of ceramic tiles: polished tiles, quartz tiles, external wall tiles, slate tiles, floor tiles and interior wall tiles.
Champion said it also benefited from global port congestions, which disrupted shipments of imported tiles.
This boosted its sales of slate tiles and external wall tiles, which accounted for 35 percent and 21 percent of third-quarter revenue, compared with 29 percent and 17 percent respectively a year earlier, it added.
The company is upbeat about business this quarter, the high season for the housing market.
Champion shares slid 1.33 percent to close at NT$11.1 in Taipei trading yesterday, deeper than the TAIEX’s 1.07 percent retreat, Taiwan Stock Exchange data showed.
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
Chinese entrepreneur Frank Gao used to spend long hours running his social media accounts but now outsources the chore to artificial intelligence (AI) agent tool OpenClaw, which is taking China by storm despite official warnings over cybersecurity. OpenClaw, created in November by an Austrian coder, differs from bots such as ChatGPT because it can execute real-life tasks such as sending e-mails, organizing files or even booking flight tickets. “Since January, I’ve spent hours on the lobster every day,” Gao said in an interview, referring to OpenClaw’s red crustacean mascot. “We’re family.” After downloading OpenClaw, users connect it to artificial intelligence models of their
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
RSS