7 stories mentioning TPE:1326Updated 22h ago
Every FINWIRES story that references TPE:1326, newest first.
Formosa Chemicals & Fibre (TPE:1326) extended new loans of around NT$19.4 billion to five affiliated companies under the Formosa Plastics Group, according to a Friday filing with the Taiwan Exchange.The petrochemical producer has granted these loans for working capital purposes.
Formosa Chemicals and Fibre's (TPE:1326) operating revenue in July rose by 34% to NT$31.3 billion from a year earlier, according to a Friday filing with the Taiwan Exchange.The improved revenue was driven by higher selling prices.
Formosa Chemicals and Fibre (TPE:1326) has an average rating of overweight and mean price target of NT$69.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Formosa Chemicals and Fibre (TPE:1326) said second-quarter net profit attributable to shareholders fell to NT$6.09 billion, or NT$1.04 per share, according to a Thursday Taiwan Exchange filing.The company attributed the decline to scheduled plant turnarounds and volatile petrochemical prices.Revenue for the three months, however, rose 6.6% quarter on quarter to NT$87.2 billion.In a separate filing on the same day, the company said June consolidated revenue rose 12% year on year to NT$27.7 billion.The figure increased 1% from May, as higher shipment volumes following plant turnaround completions offset lower petrochemical prices after easing geopolitical tensions in the Middle East.
Formosa Chemicals and Fibre (TPE:1326) clarified a media report regarding its planned investment in intelligent gas-fired combined cycle power generation units.The company said it has long been committed to promoting the circular economy and environmental sustainability, according to a Monday Taiwan Exchange filing.Formosa Chemicals said any material developments will be disclosed through official announcements on Taiwan's Market Observation Post System.
Formosa Chemicals and Fibre (TPE:1326) posted consolidated operating revenue of NT$27.4 billion for May, up 16% from a year earlier, according to a Monday Taiwan Exchange filing.The annual growth is attributable to higher petrochemical prices driven by oil market volatility and geopolitical disruptions.Revenue declined 15% from April due to lower sales volumes and weaker pricing.Shares slid about 1% in Tuesday's afternoon trade.
Formosa Chemicals and Fibre (TPE:1326) booked net profit attributable to owners of NT$6.25 billion, or NT$1.07 per share, for the first quarter, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Revenue for the quarter reached NT$81.75 billion, up 3.6% versus a year earlier, driven by higher sales volume and improved pricing.The company said profitability was boosted by better aromatics margins, higher production and sales, and gains from equity-method investments, particularly from Formosa Petrochemical.
