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Taiwan's garment makers see mixed earnings in first seven months.

Taipei, Aug. 22, 2012 (CENS) -- Taiwan's garment makers saw mixed earning performance in the first seven months, with Makalot Industrial Co. seeing pre-tax earning per share (EPS) of NT$ 5.43 (US$ 0.181), and Tainan Enterprise Co. suffering declining pre-tax EPS of NT$ 0.38 (US$ 0.0126).

Tainan Enterprise declared pre-tax profit in July of NT$ 17.432 million (US$ 581,000), resulting from surplus of NT$ 49.419 million (US$ 1.6473 million) in garment manufacturing and loss of NT$ 31.986 million (US$ 1.0662 million) from its holding company, Tainan Enterprise (Cayman) Co., Ltd.

With surplus of NT$ 195.58 million (US$ 6.519 million) in garment manufacturing and loss of NT$ 139.52 million (US$ 4.65 million) from Tainan Enterprise's holding company, Tainan Enterprise (Cayman) Co., Ltd. saw revenue in the first seven months of NT$ 56.06 million (US$ 1.868 million), plummeting 83.29% year on year (YoY).

Tainan Enterprise's pre-tax EPS in the fist seven months was NT$ 0.38 (US$ 0.0126) backed by share capital of NT$1.468 billion (US$ 48.93 million).

Makalot claimed revenues in the first seven months of NT$ 8.55 billion (US$ 285 million), increasing 8.62% YoY from NT$ 7.872 billion (US$ 262.4 million), with pre-tax profit in July of NT$ 120 million (US$ 4 million), and aggregate pre-tax profits in the first seven months of NT$ 896 million (US$ 29.86 million), soaring 27.43% YoY.

According to Makalot, its pre-tax EPS in the first seven months was NT$ 5.43 (US$ 0.181) backed by capital share of NT$ 1.65 billion (US$ 55 million), surging from NT$ 4.36 (US$ 0.145) with capital share of NT$ 1.611 billion (US$ 53.7 million) last year.

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Article Details
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Title Annotation:Tainan Enterprise Co. and Makalot Industrial Co.
Author:Chen, Renee
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Aug 22, 2012
Words:300
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