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Updated Saturday, March 20, 2010 3:09 pm TWN, Bloomberg

Formosa Chemicals & Fibre 2009 net income rises to NT$29.4 billion

TAIPEI, Taiwan -- Formosa Chemicals & Fibre Corp. posted 2009 net income of NT$29.4 billion, or NT$5.17 a share, the Changhua, Taiwan-based company said in a stock exchange filing yesterday. The company reported a profit of NT$6.1 billion in 2008, according to a previous statement.

The company's board also approved plans to pay a cash dividend of NT$4.5 per share on 2009 earnings and to sell NT$10 billion of corporate bonds to help repay short-term debt and improve its finances, it said.

 

 

 

 

 

 

 

 

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