Union Leather reports strong first half
Union Leather and Printing Co Ltd, of Taiwan, has reported pre-tax profits of T$73 million ($2.1 million) for the first half of 2001, with earnings per share (EPS) of T$1.68-T$1.7. The leather and printed product maker made 67 per cent of its full-year target in 6 months. Profits are estimated at T$13m for July, with operating revenues of T$150m.
For the full year Union Leather forecasts pre-tax profits of T$108m, with earnings per share at T$2.01 and operating revenues of T$1.7bn.
Another Taiwanese leather product manufacturer, San Fang Chemical Industry Co Ltd, registered pre-tax profits exceeding T$50m for the first half, an increase from T$47.93m for the first half of 2000. Earnings per share were T$0.25, with operating revenues of T$1.89bn.
