Listed companies post profit of NT$1.27 billion overseas

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BEST IN A DECADE:
Shipping companies were the highest earners, reporting overseas investment returns of NT$427.3 billion, followed by electronics manufacturers and chip makers.

  • By Kao Shih-ching / Staff Reporter

Listed companies posted a combined profit of 1.27 trillion Taiwan dollars ($43.62 billion) on their overseas investments last year, led by the shipping, semiconductor and electronic components, the Financial Supervisory Commission (FSC) announced on Tuesday.

Last year’s figure represents an increase of NT$638 billion from 2020 and is the highest in the past decade.

Shipping lines reported combined gains of NT$427.3 billion from overseas investment, up from NT$50.5 billion a year earlier, thanks to higher freight rates, the agency said. commission.

Photo: Sam Yeh, AFP

Electronic component makers followed with investment gains of NT$163.2 billion, up 30.14% from NT$37.8 billion a year earlier, due to higher smartphone sales, while semiconductor companies ranked third with earnings of NT$106.2 billion, up 135.48% from NT$45.1 billion.

Cumulative overseas investment by listed companies rose by NT$342 billion to reach NT$7.15 trillion at the end of last year, a record high, the commission said, adding that most investment were intended for mergers and acquisitions or the expansion of foreign units.

A total of 1,281 listed companies had invested overseas by the end of last year, unchanged from a year earlier, the commission said.

Listed companies also posted a record profit of NT$552.3 billion from their investments in China, up 23.8% from NT$445.9 billion a year earlier and the highest level. highest in 10 years, the commission said.

Electronics manufacturers recorded the highest investment gains in China last year with NT$174.2 billion, an annual growth of 30%, followed by semiconductor companies with 51.4 billion NT$, up 47% per year, and plastic manufacturers with NT$39.2 billion, up 85% per year. over a year, the commission said.

A total of 1,208 companies invested in China last year, nine more than a year earlier, with investment up NT$17 billion from 2020.

Separately, four life insurers have applied to distribute cash dividends totaling NT$30 billion this year, with several more expected to follow suit in the near term, the commission said on Thursday.

Cathay Life Insurance Co (國泰人壽) requested cash dividend distribution of NT$23.9 billion and Taiwan Life Insurance Co (台灣人壽保險) offered to distribute NT$4.6 billion, while Farglory Life Insurance Co (遠雄人壽) and PCA Life Assurance Co Ltd (保誠人壽) plan to distribute a total of NT$1.5 billion, the commission said.

Fubon Life Insurance Co (富邦人壽), Nan Shan Life Insurance Co (南山人壽) and China Life Insurance Co (中國人壽) have announced plans to offer shareholders cash dividends this year.

Last year, the commission approved five insurers’ plans to distribute a total cash dividend of NT$11.5 billion, higher than the NT$5 billion approved a year earlier.

Six major life insurers reported a combined net profit of NT$338.7 billion for last year, up 78% from a year earlier and the highest ever.

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