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Major textile and garment manufacturers Eclat Textile Co (儒鴻) and Makalot Industrial Co (聚陽) last week posted record profits for the first quarter on . ....
Major textile and garment manufacturers Eclat Textile Co (儒鴻) and Makalot Industrial Co (聚陽) last week posted record profits for the first quarter on higher revenue and improved margins, while down jacket and outdoor garment maker Quang Viet Enterprise Co (廣越) reported a first-quarter profit for the first time, despite it usually being a low season. Eclat reported net profit of NT$1.79 billion (US$60.25 million) last quarter, up 31.9 percent annually, or earnings per share of NT$6.53, the company said in a regulatory filing on Thursday last week. The increase was buoyed by higher revenue last quarter, which grew 23.8 percent annually ....
Shoe factory owner ranked Taiwan’s richest person Staff writer, with CNA Zhang Cong-yuan (張聰淵), founder of contract shoemaker Huali Industrial Group Co Ltd (華利集團), has taken the title of Taiwan’s richest person, with a net worth of US$13.8 billion, Forbes announced in its Taiwan’s Richest 2021 list. It was the first time that the low-key, self-made tycoon ranked No. 1 on Forbes’ list of the top 50 billionaires in Taiwan. Huali Industrial, which owns production facilities in China, Vietnam and the Dominican Republic, supplies international customers such as Nike Inc, Puma AG, UGG and Vans, the magazine said. The Liang Shing and Takson shoe factory, believed to be where Zhang Cong-yuan started his business, is pictured in Yunlin County’s Cihtong Township on Friday. Forbes has ranked Zhang, founder of contract shoemaker Huali Industrial Group Co Ltd, as Taiwan’s richest person. ....