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Taiwanese Yeun Chyang sees better profits for Q2
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Yeun Chyang, one of the major stainless steel service centers in Taiwan, said the company's second quarter sales revenue totaled NT$6.181 billion, decreasing by 6.2% from a quarter ago.
It’s said that the firms’ orders for this April and May production were taken in this February and March when the LME nickel prices was at the level of US$18,000/ton, which means Yeun Chyang’s profits in the second quarter may be improved.
Also, as the New Taiwanese Dollar appreciated during April through May, it will also help the firm’s profit to get improved in the second quarter.
News Date
7/30/2012 8:42:02 PM
reported by
Jack Lee
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