Friday, March 14, 2008

Formosa posts 35% rise in Q4 profits

Propped by increased output from a new plant, Taiwan's biggest ethylene producer- Formosa Petrochemical Corp. has posted a 35% gain in Q4 profit. Net income climbed to NT$18.2 bln (US$593 mln) in the three months ended Dec. 31, from NT$13.5 bln a year ago.
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