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GRATEFUL FOR GENEROSITY: The Turkish Trade Office in Taipei has been overwhelmed by clothing and other goods, while NT$188 million was donated over 24 hours last weekStaff Writer, with CNA
Elevator and escalator supplier Golden Friends Corp (GFC, 崇友實業) is positive about business this quarter, supported by new demand, as well as maintenance and replacement needs amid a property boom and a vibrant economy.
The Taipei-based company gave the upbeat assessment after posting a 21.27 percent increase in revenue for last quarter to a record NT$1.26 billion (US$45.54 million).
Golden Friends attributed the revenue growth to profit recognition from selling elevators to public housing projects in Taipei’s Neihu (內湖) and Nangang (南港) districts, as well as effective replacement promotion campaigns.
Replacement business soared 36.63 percent year-on-year in the October-to-December period, while its maintenance
Golden Friends sales rise 38.7% amid a recovery
By Crystal Hsu / Staff reporter
Elevator supplier Golden Friends Corp (崇友實業) yesterday posted NT$330.48 million (US$11.62 million) in revenue for last month, a 38.7 percent rise from a month earlier, amid continued recovery in the local property market, although the figure fell 15.15 percent from a year earlier.
Revenue in the first quarter totaled NT$1.03 billion, a 3.66 percent increase from a year earlier, Golden Friends data showed.
Replacement of old elevators rose 16.35 percent, accounting for 24.69 percent of overall installments, or 500 elevators, in the January-to-March period, the Taipei-based company said in a statement.
Golden Friends Corp’s office in Taoyuan’s Yangmei District is pictured on Nov. 21, 2019.