Taiwan FPG revenue hits NT$117bn

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(The Taipei Times)

Formosa Plastics Group (FPG, 台塑集團), the nation’s largest industrial conglomerate, yesterday reported combined revenue of NT$117.5 billion (US$4.14 billion) for last month, up 0.5 percent year-on-year, as three of its four major subsidiaries reported strong revenue growth on rising demand.

On a monthly basis, the group’s revenue increased 2.3 percent, the companies’ filings with the Taiwan Stock Exchange showed.

The global economy’s continued recovery from the impact of the COVID-19 pandemic has led the group to revise upward its revenue expectations for the first quarter.

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