Taiwan Business Quick Take – Taipei Times
FOOD AND DRINK
The net result of the UPE falls
Uni-President Enterprises Corp (UPE, 統一企業), the country’s largest food and beverage conglomerate, yesterday reported a year-on-year drop in net profit for the past year, hurt by lower contributions from its subsidiaries in a context of rising commodity prices and the COVID-19 pandemic. Its consolidated net profit was NT$19.88 billion (US$699.14 million) last year, down 7.7% from a year earlier, or earnings per share of 3. NT$5, compared to NT$3.79 in 2020. Consolidated revenue increased 5.9% year-on-year to NT$473.5 billion. Among UPE’s Taiwanese subsidiaries based in Tainan, the net profit of President Chain Store Corp (統一超商) fell 13.4%, while that of Ton Yi Industrial Corp (統一實業) jumped 101% from compared to the previous year, according to company data. The net profit of its Chinese unit, Uni-President China Holdings Ltd (統一中國控股), fell 7.7%.
Motive creates a hub in Taipei
UK-based Motive Offshore Group, which specializes in the design, manufacture, rental and inspection of marine and lifting equipment, said yesterday it had set up a renewable energy hub in Taipei. with an operational base near the port of Taichung. Since entering the local market in 2018, the group has been instrumental in developing and commissioning offshore wind projects, as well as deploying multi-industry solutions to support the local supply chain, it said. he said in a statement. The new facility has already resulted in the creation of 10 jobs in Taipei, he said. To strengthen local trade and investment in the region, Motive has partnered with specialist organizations V-TES Renewables and PanGeo Subsea, based in Aberdeen, Scotland, to form the Subsea Cable Alliance. The alliance would consolidate a complex local business landscape through a single partner, reducing the time and cost of logistics and contract resources while improving vessel availability, Motive said.
Quanta and Compal announce sales
Contract laptop makers Quanta Computer Inc (廣達) and Compal Electronics Inc (仁寶) announced yesterday that their sales last month were a record for February, although they were lower than the previous month, because there were fewer working days due to the Lunar New Year holiday. Quanta’s revenue was down 10% month-on-month but increased 13.2% year-on-year to NT$90.69 billion, the company said in a statement. It shipped 4.8 million laptops last month, down 1.2 million units from January. Quanta forecasted its first-quarter laptop shipments to be better than before, falling less than 20% from the prior quarter. Compal said in a separate statement that its sales fell 0.3% per month but rose 16.7% per year to NT$82.44 billion. It shipped 3.6 million laptops last month, unchanged from the previous month, the company said.
Vanguard’s sales jump
Vanguard International Semiconductor Corp (世界先進) reported consolidated sales of NT$4.25 billion for the past month yesterday, up 50.72% from NT$2.82 billion a year earlier, he said in a press release. “Due to increased shipments and better product mix, February net sales increased by approximately 1.56% from NT$4,179 million the previous month,” the director said. Vanguard financial, Amanda Huang (黃惠蘭), in the statement. Cumulative sales from January to last month rose 50.53 percent from NT$5.596 billion in the same period last year, the company said.
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