Filtraglass
Falorni Tech Glass Melting Technology
Banner

Taiwan Glass saw high profit growth in May

Taiwan Glass Industry Corp., a large local producer of glass fabric and glassware listed on the Taiwan Stock Exchange, reaped pretax profit of TWD 239 million in May, an increase of 45.6% year-on-year…

Taiwan Glass Industry Corp., a large local producer of glass fabric and glassware listed on the Taiwan Stock Exchange, reaped pretax profit of TWD 239 million in May, an increase of 45.6% year-on-year. Meanwhile, Taiwan Glass recorded after-tax profit of TWD 202 million in May, climbing by 44.4% from the TWD 139.9 million registered in May 2001. The large profit growth for May was due to price hikes of glass fabric, the company indicated. The company obtained in cumulative pretax profit of TWD 897 million for the first five months of 2002, a dcrease of by 39.9% from the TWD 1.493 billion posted in the same five months of 2001. In the meantime, the company“s five-month after-tax profit of TWD 754 million also dropped by 41.6% from the TWD 1.291 billion recorded in January-May of 2001. The five-month after-tax profit translated into net (after-tax) earnings per share of TWD 0.63, slipping by 41.7% from the TWD 1.08 posted in the same period of 2001.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news