3 stories mentioning TPE:1301
Every FINWIRES story that references TPE:1301, newest first.
Formosa Plastics (TPE:1301) posted consolidated sales of NT$15 billion for May, up 0.7% from a year earlier, according to a filing with the Taiwan Stock Exchange.The company attributed the year-on-year increase to higher product prices driven by rising crude oil and petrochemical feedstock costs.Revenue declined 18.4% from the previous month due to lower sales volumes and weaker operating rates.
Formosa Plastics (TPE:1301) expects stronger earnings momentum in 2026, with management forecasting a sharp rebound in second-quarter profit followed by a potential return to full-year profitability, CNA reported Thursday, citing Chairman Kuo Wen-pi.He said second-quarter results are likely to improve significantly from the first quarter, supported by higher petrochemical prices and tighter supply conditions stemming from disruptions in Middle East capacity, according to the report.Despite an expected NT$10 billion loss in 2025, the company pointed to improving margins, seasonal demand strength, and downstream investment gains as factors supporting the outlook, while maintaining a NT$0.5 per share cash dividend, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Formosa Plastics (TPE:1301) logged consolidated revenue of NT$17.4 billion for March, up 1.5% from a year earlier, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Monthly, the revenue surged 61.6%, driven by higher sales volume and prices following fewer working days in the prior month due to the Lunar New Year holiday.The company said demand improved as customers restocked amid supply concerns linked to the US-Iran conflict, while stronger crude oil and petrochemical prices lifted product pricing.However, price gains were partly offset on an annual basis by lower average selling prices for key products such as PVC, polyethylene and caustic soda, as well as a stronger Taiwan dollar, it said.