Taiwan’s FPCC Aug revenue surges to $2.4bn; petchem sales up 20%

05 September 2012 06:27  [Source: ICIS news]

SINGAPORE (ICIS)--Formosa Petrochemical Corp’s (FPCC) revenue more than doubled to New Taiwan dollar (NT$) 70.8bn ($2.4bn) in August this year, from NT$33.3bn in the same period a year earlier, on the back of higher petrochemical sales, the Taiwanese producer said on Wednesday.

Petrochemicals accounted for 26% of the total revenues last month at NT$18.1bn, representing a 20% increase compared with the same period in 2011, according to data released on the company’s website.

For the first eight months of 2012, FPCC’s revenues grew 3.8% year on year to NT$569.4bn, based on the data.

($1 = NT$29.8)

By: Nurluqman Suratman

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