Listed firms post higher profit despite slower economy

Taiwan News
Date: 2015-11-28
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]

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