By Ted Chen / Staff reporterEastern Home Shopping & Leisure Co Ltd (EHS, 東森購物) is optimistic on earnings growth this year as the TV shopping operator expands into the cross-border e-commerce business through an acquisition. EHS is expecting a boost to its profit and top line as its products are listed on Strawberrynet, Gary Wang (王令麟), chairman of Eastern Media Group (東森集團), the parent company of EHS, told a news conference in Taipei. “We expect our earnings per share to rise to NT$6 this year from NT$3.84 last year, with sales this year projected to rise 33 percent year-on-year to more than NT$18.3 billion,” Wang said. Given the limited market at home, local companies must tap the global market, Wang said, adding that as opposed to building capabilities and warehouses on its own, the acquisition of operators is the quickest way to establish a foothold in the e-commerce market. The company would refrain from engaging in unsustainable competition on prices and shipping fee subsidies in Taiwan’s fiercely competitive e-commerce market, Wang said.

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