Top garment makers posted robust performance for first 5 months
Taiwan Headlines, Taiwan
Although impacted by low-price competition from China and South Korea, Taiwan’s leading garment makers, including Tainan Enterprises Co., Makalot Industrial Co., and Eclat Textile Co., still boasted good business performances in the first five months of this year.
Thanks to handsome gains from its reinvestments, Eclat saw a 10 percent annual rise in its earnings in the first five months, and Tainan Enterprises posted a sharp profit growth 28 percent due to growing ODM orders from old clients and orders from new clients. Makalot has received increasing orders quarter by quarter after adjusting structural combination of products.
In the first five months, Eclat raked in NT$2.096 billion (US$61.65 million at US$1 = NT$34) in revenue, a slight drop of 1.43 percent from the corresponding figure of last year. However, the company’s pretax profits for the period stood at NT$125 million (US$3.68 million) for an annual rise of 14 percent, with earnings per share (EPS) of NT$0.97 (US$0.029).
Tainan Enterprises recorded an average annual rise of 10 percent-20 percent in orders received in the first five months, and is expected to enjoy a higher growth in orders to be received in the second half of the year. In the same period, the company’s revenue accumulated to NT$3.164 billion (US$93.06 million) for a whopping rise of 61.9 percent from a year earlier; and its pretax profits chalked up by 28.43 percent to NT$327 million (US$9.62 million) for an EPS of NT$2.61 (US$0.08).
In the first five months, Makalot scored pretax profits of NT$399 million (US$11.74 million), shooting up 48.8 percent from that posted in the same period of last year and its EPS stood at NT$3.21 (US$0.094).
Source:CENS(2014/06/28 12:35:52)
