Taiwan's FPCC March sales up 11%, petchem revenues up 5.8%

05 April 2012 07:37  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) on Thursday reported a 11% year-on-year rise in its overall revenues in March to New Taiwan dollar (NT$) 87.3bn ($2.96bn), with petrochemical sales up by 5.8% after declining for three straight months.

FPCC’s sales of petrochemicals totalled NT$27.3bn in March, while sales of naphtha surged 38% year on year to NT$9.37bn, the company said in a statement posted on its website.

On a year-on-year basis, FPCC’s sales of petrochemicals fell by 4.8% and 11.5% in February and January 2012 respectively, while revenues from the business fell by 15.4% in December 2011, it said.

For the first three months of 2012, FPCC’s overall sales rose by 11% year on year to NT$229.8bn, the company added.

($1 = NT$29.5)

By: Nurluqman Suratman

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