Pou Cheng Group,a major maker of footwear in Taiwan,posted combined revenue of NT$110.405 billion(US$3.68 billion)in the first half,up from last year's NT$96.74 billion(US$3.2248 billion)for 14%year on year(YoY)gain.
The maker's core businesses in the first half of footwear manufacturing and sports equipment reached NT$84.010 billion(US$2.8 billion)and NT$23.086 billion(US$769.53 million),surging 11.3%and 14.3%YoY,respectively,to show stable growths.
Pou Chen's other businesses posted NT$3.309 billion(US$110.3 million)in first-half revenue,up sizably 218.3%YoY,due mainly to the recent disposal of 1,718 sq.meters of the firm's subsidiary,The Right&Great Co.,Ltd.,for NT$2.269 billion(US$75.63 million),which is close to a developed area of Taichung city in Central Taiwan.
Benefiting from the land sale and stable growths in core businesses,its combined operating gross profit and combined operating net earning totaled NT$27.072 billion(US$902.4 million)and NT$7.572 billion(US$252.4 million),surging 15.9%and 16.4%,respectively.
The firm's equity reinvestment income in the first half surged NT$1.715 billion(US$57.16 million)YoY,with profits mainly from Ruen Chen Investment Holding Co.,Ltd,a Taiwanese firm backed by Ruentex Group and Pou Cheng Group.Therefore,Pou Chen's non-operating net income hit NT$2.639 billion(US$87.96 million)in the first half,up NT$1.807 billion(US$60.23 million)YoY.
Source:
http://www.cens.com/cens/html/en/news/news_inner_41274.html
