Firms listed on main board post over 14% sales growth in May

Taipei, The combined revenue generated by companies listed on the local main board grew more than 14 percent year-on-year in May at a time of continued economic recovery at home and abroad, according to the Taiwan Stock Exchange (TWSE).

The TWSE said the 916 firms on the main board posted about NT$2.6 trillion (US$87.04 billion) in sales in May, up 14.47 percent from a year earlier.

Of the listed companies, 645 reported a year-on-year increase in revenue in May, while 271 suffered a fall in revenue, data compiled by the TWSE showed.

The cement, semiconductor and fuel/utility sectors were the top three sectors in terms of sales growth in that period, the TWSE added.

Sales generated by cement firms listed on the main board were boosted by rising demand from China, growing 34.27 percent from a year earlier to NT$21.1 billion, the data showed.

The semiconductor industry recorded the second highest sales growth of 34.0 percent in May, with revenue totaling NT$207.5 billion on the back of rising product prices, the data indicated.

The fuel/utility sector came third after posting a 30.88 percent year-on-year increase in sales valued at NT$71.1 billion with the sector boosted by higher international crude oil prices, the TWSE said.

In the first five months of this year, revenue generated by main board listed companies totaled NT$12.33 trillion, up 9.53 percent from a year earlier, according to the TWSE.

Source: Focus Taiwan News Channel