FCFC shares sale results in drop

Kovac, Matt
April 2007
ICIS Chemical Business;4/2/2007, Vol. 2 Issue 60, p9
Trade Publication
The article reports on the profits posted by Taiwan-based Formosa Chemicals & Fiber Corp. (FCFC) in 2006. FCFC recorded an 18.5% fall in net profits in 2006 from a year earlier, despite buoyant sales. Profits dropped to New Taiwan dollars (NT$) 32.5 billion ($985 million, €739 million) as a result of the company selling off more shares in sister company Formosa Petrochemical last year compared with 2005.


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