Taiwan’s FPCC May revenue falls 4%; petrochemical sales up 2%

05 June 2012 11:21  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese producer Formosa Petrochemical Corp (FPCC) reported on Tuesday a 4% year-on-year decline in its May revenue at New Taiwan dollar (NT$) 66.5bn ($2.2bn), with a minimal increase in contribution from petrochemicals.

Petrochemicals accounted for 30% of the total revenues last month at NT$20.2bn, representing a 2% rise compared with the same period in 2011, according to data released on the company’s website.

For the first five months of 2012, FPCC’s revenues grew 22% year on year to NT$382.5bn, based on the data.

($1 = NT$30.03)

By: Pearl Bantillo
+65 6780 4359

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