Interviews
News Flash
Formosa Chemicals & Fibre Corp Q1 FY20: revenue $64 bn
22 Jun '20
1 min read
Pic: Formosa Chemical and Fiber Corporation
Formosa Chemicals & Fibre Corporation, a Taiwan-based manufacturer of chemical products, posted revenue of $64.4 billion (Taiwan dollars) in first quarter (Q1) FY20 ended on March 31, 2020, compared to the revenue of $89.2 billion in same period prior year. Company reported total loss of $4.3 billion compared to profit of $9.1 billion in Q1 FY19.
Operating loss for the reported quarter were $1.9 billion compared to operating profit of $8.2 billion in same period prior year. Total other comprehensive loss for the period were $47.2 billion compared to comprehensive income of $11.8 billion in Q1 FY19.
Net loss attributable to owners of the parent during Q1 was $4.6 billion compared to net income attributable to owners of the parent of $8.5 billion in same period prior year.
The Formosa group manufactures and sells a variety of petrochemical products, including the spinning, weaving, dyeing and finishing of rayon and nylon fibre.
Fibre2Fashion News Desk (JL)
Popular News
Leave your Comments
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Bijou Kurien
Retailers Association of India (RAI)
Andrea pompilio
Label - Andrea pompilio
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
