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Fulgent sales, profits step upward on shoe demand

Fulgent Sun International Holding Co (鈺齊國際) on Thursday reported increased sales and net profit for the fourth quarter of last year, thanks to robust orders, larger manufacturing capacity, improved production efficiency and better financial controls.
The supplier of global brand sports shoes and functional outdoor shoes said that net profit for the quarter hit a record high of NT$388.31 million (US$14.02 million), up 107.8 percent from NT$186.88 million a year earlier.
Earnings per share were NT$2.09, up from NT$1.01 a year earlier, it said.
Sales for the quarter were NT$4.498 billion, up 51 percent from a year earlier, while gross margin for ....

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Fulgent optimistic as footwear orders still going strong

Fulgent Sun International Holding Co (鈺齊國際), which supplies sports shoes and functional outdoor shoes to global brands, yesterday posted consolidated revenue of NT$1.375 billion (US$48.4 million) for last month, up 29.28 percent from NT$1.064 billion a year earlier and its highest-ever for January.
Fulgent in a statement attributed the increase to robust orders for spring and summer shoes, which the company started shipping in October last year.
<strong>SHIPPING DISRUPTIONS</strong>
While last month’s revenue was less than the record-high sales of NT$1.47 billion it made in December, and a global shortage of cargo containers has disrupted its shipping, the company said it ....

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