By: Tsai Yi-chu and Frances Huang, Central News Agency
Companies listed on the local main board and the over-the-counter (OTC) market enjoyed improving profitability for the first nine months of this year, even though the local economy showed signs of a slowdown, according to the Financial Supervisory Commission (FSC).
The FSC cited statistics as saying that more than 1,550 listed companies on the main board and the OTC market posted NT$1.5 trillion (US$45.73 billion) in aggregate pretax profit for the nine-month period, up 6.52 percent from a year earlier.
Tseng Ming-chung, head of the FSC, said Saturday that the earnings report showed that Taiwanese firms remained profitable, so Taiwan’s equity market is worth investing in. [FULL STORY]