Home / Knowledge / News / Textiles / Formosa Petrochemicals reports exceptional growth in revenue
Formosa Petrochemicals reports exceptional growth in revenue
01
Jan '09
FPCC's 2008 Q3 financial results, on unconsolidated basis, was reviewed by Ms. Gem L.Y. Wu and Mr. Andrew Deng from Diwan, Ernst & Young and a qualified opinion was issued because the financial statements of the Company's investees accounted for under the equity method were not reviewed.

The Company's investments in these investees were NT$13,630,636 thousand and NT$13,832,925 thousand as of September 30, 2007 and 2008 respectively, and the related investment income amounted to NT$1,260,930 thousand and NT$890,876 thousand for the nine-month periods ended September 30, 2007 and 2008, respectively.

Except for such modifications on the investment amounts that might have resulted had the investees' financial statements been reviewed, the accountants are not aware of any modification on the financial statements referred to in the first paragraph necessary for them to be in conformity with the "Guidelines Governing the Preparation of Financial Reports by Securities Issuers" and accounting principles generally accepted in the Republic of China on Taiwan

As described in Note 3(1) to the financial statements, effective from January 1, 2008, the Company changed its depreciation method of certain fixed assets such as the related machines, transportation and other equipment of Refinery and Oil products Division (excluding the Utilities Factory and Oil Factory), Petrochemical Olefins Division and Maintenance Center in Mailiao from the straight-line method to the fixed-percentage-on-declining-base method.

In accordance to Securities and Exchange Law No. 36, FPCC hereby issues this announcement.

Click here to read the financial results.

Formosa Petrochemical Corporation


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search