Full Wang profit surges 80 percent to six-year high
DELAYED EFFECT:
Home prices in Taichung have yet to benefit from improvements to infrastructure as they did in New Taipei City and Taipei, the Taichung-based firm said
By Crystal Hsu / Staff reporter
Full Wang International Development Co (富旺國際開發) yesterday said its profit last year soared more than 80 percent to a six-year high of NT$363 million (US$12.83 million) and it remains upbeat about business this year, supported by continued capital repatriation and a technology supply chain realignment.
The results translated into earnings of NT$2.35 per share, an 80.77 percent increase from one year earlier.
The Taichung-based company’s board proposed a cash dividend payout of NT$2 per share. With its shares closing up 5.26 percent at NT$21 yesterday, the dividend payout suggested a 9.5 percent yield.