2 stories mentioning TPE:1326
Every FINWIRES story that references TPE:1326, newest first.
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.