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Increased Prices Fuel Record Sales |
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Written by Kathy Nargi-Toth
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Wednesday, 11 June 2008 |
TAIPEI, TAIWAN – Skyrocketing oil prices prompted many companies to increase product prices in early 2008. Some are now experiencing record sales as a result. The four major subsidiaries of the Formosa Plastics Group (FPG) saw combined sales hit a historic high record of NT$160.5 billion (US$5.31 billion at US$1:NT$30.2) in May. The FPGs four major subsidiaries registered NT$704.3 billion (US$23.32 billion) in cumulative sales combined in the first five months of this year.
The Nan Ya division performance for May 2008 was NT$20.78 billion (US$688.07 million), up 8.6% year-on-year. It was the third-largest record in history. Nan Ya saw cumulative sales for 2008 reach NT$102.48 billion (US$3.39 billion) in the first five months of this year, an increase of NT$21.18 billion (US$701.32 million) when compared to the first five months of 2007.
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