Listed firms’ pretax profit up 11.29 percent annually - News Summed Up

Listed firms’ pretax profit up 11.29 percent annually


Staff writer, with CNACompanies listed on the main board posted a year-on-year increase in pretax profit in the first quarter, as the economy at home and abroad continues its recovery, Taiwan Stock Exchange (TWSE) data released yesterday showed. Companies listed on the exchange earned NT$503.7 billion (US$16.85 billion) in pretax profit, up 11.29 percent from a year earlier, the TWSE said. The profit reports were submitted by 831 Taiwan-incorporated firms and 70 firms registered overseas that have their primary listings in Taiwan, the exchange said. However, the data did not cover the 14 financial holding companies listed on the board, as they do not release their first-quarter results until the end of the month, it added. Taiwanese firms’ pretax profit rose 12.26 percent from a year earlier to NT$491.5 billion, while pretax profit of the foreign companies fell 17.57 percent to NT$12.2 billion, the data showed.


Source: Taipei Times May 16, 2018 15:56 UTC


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