Taiwan Cement sales down 20.8% YoY in 2015

Taiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe.

During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to October-December 2014.

In January-March 2016, the company's revenue stood at TWD17.73bn (US$548.08m), decreasing by 17.3 per cent YoY. The firm's shipments to China hiked by almost 18 per cent to 10.8Mt during the three-month period.