Saturday, October 27, 2007

Formosa Plastics posts record high quarterly profit

World's number two PVC maker - Formosa Plastics Corp has posted a record quarterly profit on robust demand from China that has aided stronger prices. Net income surged 65% to NT$20.1 bln (US$619 mln) for Q3 ended Sept. 30, up from NT$12.2 bln a year earlier.

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