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Net profit at Formosa Petrochemical Corp soars more than threefold

April 30/2010

(plastemart) -- Taiwans largest petrochemical conglomerate- Formosa Petrochemical Corp has announced that its net profit soared more than threefold to NT$10.97 bln in Q1-10 from NT$2.66 bln in Q1-09. Revenue for the quarter grew 67.2% year on year to NT$198.27 bln, and its operating profit rose 21.6% year on year to NT$11.9 bln.

 

In 2009, the firm's net profit was NT$39.19 bln, 158% more than the NT$15.19 bln it recorded for 2008, while its revenue fell 27.6%, according to an earlier report from China Knowledge.

 

mrcplast.com

 Net profit at Formosa Petrochemical Corp soars more than threefold

MRC Reference

Formosa

The share in the Russian market in 2008:
 PVC-S 3.0%;

PP 0.4%.

 

Annual growth sales in Russia :
 PVC 79 % (over the last year) ;

PP 272 % (over the last 3 years).

 

Supply by processing technologies:
profile extrusion

 film extrusion


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