Garment book profits and poised for heady growth next year
27 Dec '05
2 min read
Taiwan's foremost garment manufacturers, including Makalot Industrial Co, Eclat Textile Co and Tainan Enterprises Co, all witnessed growing profits in November.
Makalot and Eclat are expected to score record earnings per share (EPS) this year, at NT$6.5 (US$0.19 at US$1 = NT$34) and NT$3.5 (US$0.1), respectively, with Makalot and Eclat enjoying an annual profit mount of more than 60 percent.
In the first 11 months of 2005, the company's pretax profits reached NT$758 million (US$22.29 million), at 17.23 percent growth over corresponding figure of last year and translating into an EPS of NT$6.2.
In November, Makalot raked in pretax profits of NT$45.46 million (US$1.34 million), a whopping augment of over 70 percent over the same month, last year.
Makalot plans to actively expand its operations in mainland China, Cambodia, and Vietnam in 2006, and shipments for the coming year are projected to rise by 30 percent over this year.
Thanks to its aggressive expansion efforts, Eclat has received more orders for the first quarter of 2006, and company estimates a 30 percent rise in garment shipments for 2006.
Nan-Woei Industrial Co, another leading garment maker in Taiwan, gained NT$19.8 million (US$582,353) as pretax profits in November, and earned NT$146 million (US$4.29 million) during the first 11 months, this year.
marketing@alchempro.com
