Formosa Chemicals lifts 3Q net profit to NT$5.54B from NT$2.03B

what happened

Formosa Chemicals & Fibre reported net profit of NT$5.54B for the third quarter ended September 30, compared with NT$2.03B a year earlier. Revenue rose to NT$95.22B from NT$69.58B, and pretax profit reached NT$5.63B against NT$2.32B. Basic earnings per share came in at 0.92, up from 0.30.

Formosa Taffeta posted net profit of NT$242.1M for the same period, down from NT$331.9M. Revenue slipped to NT$6.16B from NT$6.51B, and pretax profit fell to NT$231.2M from NT$405.4M. Basic earnings per share were 0.14 versus 0.20. The figures were published by Dow Jones Newswires based on data from the Taiwan Stock Exchange.

why it matters

For investors in Taiwanese shares, the sharp jump in Formosa Chemicals' profit alongside higher revenue stands out, while Formosa Taffeta reported lower results across its key measures. The tables are a reference point only, so the full picture for the quarter should be judged from complete company filings and management commentary.

market impact

Taiwan chemical shares: Formosa Chemicals' profit growth supports the sector

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