廣告
xx
xx
"
"
回到網頁上方

Profit surges in select industries despite downturns

Reporter TVBS News Staff
Release time:2023/11/22 20:42
Last update time:2023/11/22 20:42
  • S

  • M

  • L

Profit surges in select industries despite downturns  (Courtesy of Shutterstock) Profit surges in select industries despite downturns
Profit surges in select industries despite downturns (Courtesy of Shutterstock)

TAIPEI (TVBS News) — The Financial Supervisory Commission (FSC) announced Wednesday (Nov. 22) that all 1,788 TWSE-listed companies submitted their financial reports for the third quarter.

The only exception is Mutto Optronics Corporation, a company specializing in the optoelectronics industry. If Mutto Optronics fails to file its report by May 17, 2024, it will be delisted by June 20 of that year, the FSC said.

 

The total revenue of TPEx-listed companies for the first three quarters of 2023 reached NT$25.25 trillion, a decrease of NT$2.95 trillion from the same period last year.

Notably, industries that saw profit growth during this period include the automotive industry, financial and insurance sectors, and the food industry. The surge in automotive profits is attributed to increased car sales due to a shortage of chips and components.

Financial and insurance sectors benefited from heightened investment and other net income gains, while the food industry saw a revival in domestic demand after the pandemic, bolstering profits.
 

Over-the-counter (OTC) companies reported a cumulative revenue of NT$1.84 trillion for the first three-quarters of 2023, a decrease of NT$164.3 billion from last year.

Several industries in the OTC market have seen an increase in profitability. Financial services, for instance, have benefited from sales and appraisal profits from trading securities.

The construction and building material sector is also experiencing growth due to the completion and delivery of building projects. Similarly, the tourism, restaurants, and hospitality sectors have seen a boost as COVID-19 measures have relaxed, and people are more inclined to dine out.

However, the semiconductor industry within the OTC companies faced significant losses, with annual profit reductions of NT$22.145 billion. Similarly, the electronic components and optoelectronics industries followed suit with declines of NT$8.95 billion and NT$6.762 billion, respectively, illustrating the challenges faced in these sectors.

Taiwan Business

#TWSE#TPEx#financial reports#Mutto Optronics#semiconductor industry losses#automotive industry profits#COVID-19 impact on tourism#TWSE third quarter financial reports#Mutto Optronics delisting threat#OTC market revenue trends

readmore

notification icon
感謝您訂閱TVBS,跟上最HOT話題,掌握新聞脈動!

0.1465

0.0774

0.2239