4 listed chemical makers saw mixed revenue performances in July

Taipei, Aug. 15, 2003 (CENS)--Of four main local chemical manufacturers listed on the Taiwan Stock Exchange, China Steel Chemical Corp. and Evermore Chemical Industry Co., Ltd. Enjoyed revenue growth in July while the other two suffered decreases.

The other two companies are T. N. C. Industrial Co., Ltd. And Eternal Chemical Co., Ltd.

China Steel Chemical is an affiliate of Taiwan's largest steel manufacturer China Steel Corp. and produces benzene, naphthalene, creosote oil, choke, and pitch. The company rang up revenue of NT$262 million last month, rising by 13.12% from July last year. During January-July this year, the company raked in revenue of NT$1.844 billion, growing by 23% from the same seven months of last year.

Evermore Chemical, a maker of PU (polyurethane) resin, witnessed its revenue of NT$103 million for July go up by 7.87% from a year earlier. The company's seven-month revenue came to NT$754 million, a year-on-year hike of 4.28% and fulfilling 51.57% of the goal for this year. The company projects revenue of NT$1.462 billion, pretax profit of NT$242 million, after-tax profit of NT$199 million, earnings per share (EPS) of NT$3.56, and net (after-tax) EPS of NT$2.93 for this year.

T. N. C. Industrial specializes in producing nitrocellulose. The company registered NT$149 million last month, dipping by 13.87% from the NT$173 million posted in July last year. During the first seven months, the company garnered revenue of NT$954 million, declining by 4.70% from the NT$1.001 billion received in the same period of 2002 and attaining 49.12% of the NT$1.942 billion projected for this year.

Eternal Chemical produces dry film photoresist mainly. The company chalked up revenue of NT$1.051 billion in July, edging down by 2.59% from a year earlier. The company's seven-month revenue stood at NT$7.194 billion, slipping by 2.53% from the same period of last year. Meanwhile, the company brought in seven-month pretax profit of NT$280 million, a year-on-year drop of 59.44% and translating into EPS of NT$0.48.