15.04% increase in profit for listed firms in first half of 2014
By John Liu, The China Post
August 31, 2014, 12:00 am TWN
TAIPEI, Taiwan -- Locally listed companies pocketed NT$809.1 billion in the first half of 2014, representing 15.04 percent growth from the same period last year, said the nation's Financial Supervisory Commission (FSC).
For companies listed by Taiwan Stock Exchange Corporation (TSEC), pre-tax profits reached NT$749.8 billion in the first half of 2014, representing a 15.07-percent growth or NT$98.2 billion increase year-on-year.
Revenues of TSEC-listed companies reached NT$6.2859 trillion in the second quarter, while the pre-tax profits totaled NT$416.9 billion. The latter number represented a NT$76.6-billion increase or 22.51 percent growth year-on-year.
Greater demand for semiconductors, power supply parts and passive components contributed to the growth for TSEC-listed companies in the second quarter, said the FSC.
For companies listed on the Gre Tai Securities Market, pre-tax profits reached NT$59.3 billion in the first half of 2014, representing 14.7 percent growth or a NT$7.6-billion increase year-on-year.
Revenues for OTC-listed companies reached NT$473.9 billion in the second quarter, while the pre-tax profits totaled NT30.6 billion. The latter number represented a NT$2.9-billion increase or 10.47 percent growth year-on-year.
A booming solar energy market and subsidies offered in various countries, price increases for stainless steel, and greater demand for semiconductors, contributed to the growth for OTC-listed companies in the second quarter, said the FTC.