Formosa Plastics Group’s (FPG, 台塑集團) four major subsidiaries yesterday reported that combined net profit surged 230 percent to NT$240.3 billion (US$8.69 billion) last year, from NT$72.72 billion in 2020, as the companies benefited from rises in crude oil prices amid a global economic recovery.
With strong net profit last year, the nation’s biggest industrial group said it plans to distribute year-end bonuses equal to 7 months of wages, reaching a ceiling set by the group’s administration team.
Formosa Plastics Corp (FPC, 台塑), the group’s flagship company, reported net profit of NT$71.3 billion, soaring 265.3 percent from a year earlier, beating the three
Taipei, Jan. 5 (CNA) Shares in Taiwan closed slightly lower Wednesday after coming off an historical intraday high as investors locked in their gains from the first two sessions of 2022, dealers said.
Taipei, Nov. 2 (CNA) Shares in Taiwan closed little changed Tuesday after giving up more than 160 points in early gains, while large cap tech stocks showed resilience and prevented the broader market from falling further, dealers said.
Taipei, Oct. 20 (CNA) Shares in Taiwan closed lower Wednesday as investors took advantage of the initial upturn to lock in profits, sending the main board lower ahead of stiff technical resistance at around 17,000 points, dealers said.