Monday, January 09, 2012

Formosa Plastics Group units report Q4 losses on a slowing global economy cut demand

Units of Formosa Plastics Group - Formosa Petrochemical Corp. and Nan Ya Plastics Corp., have reported fourth-quarter losses, as a slowing global economy cut demand. Missing estimates,
Formosa Petroochemical posted a pretax loss of NT$4.

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