24 April 2007 07:55 [Source: ICIS news]
SINGAPORE (ICIS news)--The Taiwan-based refining major Formosa Petrochemical more than doubled its first-quarter operating profit to New Taiwan dollars (NT$) 16.1bn ($485.4m) from the same period a year ago.?xml:namespace>
Revenue in the quarter rose 21.7% to NT$133.3bn, while its net profit almost tripled to NT$12.4bn, it said in a statement on the Taiwan Stock Exchange late on Monday but it did not give reasons for the rise.
($1 = NT$33.17)
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