Staff writerHome appliance supplier Tatung Co (大同) on Friday gave a bright outlook for its business this year, especially the “green” energy segment, after the company swung back into profit last year. The 100-year-old company operates a number of subsidiaries in fields ranging from green energy, flat panels and semiconductors to healthcare, asset development and retail distribution. However, all the [affiliated] companies adjusted business structures, increased high-margin products and reduced expenses, resulting in a turnaround in net profit,” Tatung said. Solar power subsidiary Green Energy Technology Inc (綠能科技) was still in the red for last year, but the losses were lower than the previous year’s after posting profits in the final quarter of last year, Tatung said. However, Chunghwa Picture Tubes and Green Energy Technology still face an oversupply problem in their respective industries, which would require them to increase their efforts to improve their performance, Tatung said.

Source: Taipei Times March 25, 2018 15:56 UTC