Yieh Phui, one of the major coating steel manufacturers in Asia market, said about 75% of its current sales revenue came from oversea market which mainly used US dollars for most business.
Due to the depreciated New Taiwanese Dollar against the US dolloar, Yieh Phui has earned extra NT$40 million exchange gains in May.
The market analyst said Yieh Phui should be still able to make profit in the whole of the second quarter, but its profit might be lower than the figures in the first quarter.
Meanwhile, Yieh Phui expected that its sales in the third quarter might remain flat due to traditional slow season but it might get improved in the fourth quarter.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65021&division=A6
