TWSE-listed firms' sales down slightly in February

2019/03/13 14:28:09 fontsize-small fontsize-default fontsize-big
TWSE-listed firms' sales down slightly in February

Taipei, March 13 (CNA) Sales posted by companies listed on the Taiwan Stock Exchange (TWSE) in February fell slightly from a year earlier with market analysts attributing the decline largely to the reduced number of working days due to the nine-day Lunar New Year holiday.

Data compiled by the TWSE, which runs the local main board, shows that revenue generated by listed companies totaled about NT$2.01 trillion (US$65.05 billion), down 0.77 percent or NT$15.6 billion from a year earlier.

According to the data, 509 firms reported a year-on-year decline in sales for February, while 421 firms reported an increase in the month.

Revenue posted by Taiwan-based firms hit NT$1.96 trillion in February, down 1.08 percent from a year earlier, while sales generated by foreign incorporated firms that launched primary listings in Taiwan enjoyed a 13.18 percent year-on-year increase in sales which totaled NT$49.8 billion, the data showed.

Among the largest companies listed on the local main board in terms of market capitalization, contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted local stock, posted consolidated sales of NT$60.89 billion in February, down 5.8 percent from the same period in 2018.

TSMC's February sales also fell 22 percent from a month earlier, mainly due to a production disruption at its Fab 14B, a 12-inch wafer foundry in Tainan.

Meanwhile, Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., reported its February consolidated sales rose 14.14 percent year-on-year, ending a four month falling streak, at NT$2.532 billion.

However, Largan's February figure still fell about 24 percent from the previous month on weakening demand for the latest iPhones in the global market.

The TWSE said the information service sector posted the highest year-on-year increase of 25.71 percent in sales in February, ahead of the financial/insurance sector (up 19.77 percent).

The glass and ceramic industry suffered the steepest decline of 16.13 percent in sales in February, followed by the auto industry (down 11.97 percent), the TWSE said.

In the first two months of this year, TWSE-listed firms posted NT$4.77 trillion in sales, down 0.12 percent or NT$5.5 billion from a year earlier, the data showed.

(By Frances Huang)

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