Reported 12 months ago
Taipei, July 3, 2024 - Processing silk plant Hongyi (1452) reported a merger revenue of 146 million NT dollars in June, a 54.59% year-on-year increase. Textile factories' revenue growth in the second quarter is expected to exceed market expectations as brand customer orders strengthen, foreseeing improved industry performance in the second half of the year. Several processing silk and chemical fiber plants have noted an increase in market order visibility for the third quarter, with the second quarter being the year's low point. Companies like Hongyi and Liji (1444) have shown significant revenue growth and higher production line utilization rates compared to the same period last year, anticipating a shift towards normalcy and profitability in the second quarter and beyond.
Source: YAHOO