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May 28, 2017

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Sales of listed firms on TWSE up 2% in May

TAIPEI--Revenue posted by listed companies on the Taiwan Stock Exchange (TWSE, 台灣證券交易所) for May rose about 2 percent from a year earlier on the back of an economic recovery, the TWSE said Thursday.

The TWSE said the sales growth was largely driven by rising revenue recorded in the semiconductor, auto and tourism sectors, while sales in the building materials, construction and online communications sectors showed signs of slowing down.

In May, the listed companies on the main board as a whole posted sales of NT$2.21 trillion (US$73.67 billion), up NT$44.2 billion or 2.03 percent from a year earlier.

According to the TWSE, a total of 490 firms on the main board reported an increase in sales last year, while 318 companies suffered a decline in sales during the same period.

In the semiconductor sector, integrated circuit designer MediaTek Inc. (聯發科) posted NT$19.33 billion in consolidated sales for May, a record high in the company's history. The May figure was up 76.83 percent from a year earlier and also up 1.22 percent from a month ago.

United Microelectronics Corp. (聯電), one of Taiwan's leading contract chip makers, also reported a record high in sales for May. The May sales totaled NT$11.93 billion, up 9.82 percent from a year earlier and also up 3.48 percent from April.

The TWSE said the semiconductor sector got a boost from solid demand for smartphones and tablets at a time when IC designers, wafer foundry operators and DRAM makers were the major beneficiaries during the uptrend.

In the first five months of this year, these main board-listed companies reported NT$10.91 trillion in sales as a whole, up 4.35 percent from a year earlier, the statistics show.

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