BALANCING ACT: The firm said that lower temperatures have weakened demand for air-conditioners, but new washers and refrigerators would be launched next year

Taipei Times
Date: Jul 13, 2019
By: Kwan Shin-han  /  Staff reporter

Home appliance supplier Taiwan Sanyo Electric (三洋電) yesterday said that sales in the second half of the year have held steady so far and could stay flat, aided by new home appliance releases.

“As of yesterday, sales have made up for the decline in the first half,” company manager Lin Chen-sheng (林陳勝) told an investors’ conference in Taipei.

Revenue for last month declined 10.95 percent annually and 6.14 percent monthly to NT$460.46 million (US$14.81 million), while cumulative revenue in the first half fell 2.25 percent year-on-year to NT$2.68 billion, company data showed.

Air-conditioner sales dropped 12.74 percent year-on-year and displays decreased 13.85 percent annually in the first six months, but sales of refrigerators and washers increased 11.79 percent and 16.02 percent respectively, the company said.    [FULL  STORY]