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Press
Release
| 2001.03.02 |
Press Release of Hong-Tai Electric Industrial Co. Ltd.
Spokesman:Shih-Yi Chen |
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The Board of Directors of HTE approved the resolutions
to implement the final statement of year 2000 at its March 1st
board meeting. The company reaches a turnover of NT$2.736 billion for the year ended 31
December 2000.The company¡¦s profit before tax is NT$473 million, while the profit
after tax is NT$443 million with NT$1.4 earnings per share (EPS)
against NT$0.6 in the previous year, a 45.6% increase. The directors recommend final dividend of NT$1 per share which
includes NT$0.5 in cash and NT$0.5 in stock.The capital after stock dividend distribution will be NT$3.321
billion against previous NT$3.165 billion. The Annual General Meeting
of the Company will be held at Taoyuan Holiday Hotel on Thursday the 26th
day of April 2001 at 9:00 a.m.. The share transfer books and register of shareholders of the company will
be closed from 27th March to 26th April.
The company sets up the target of operating income in 2001 of NT$3.5
billion against NT$2.736 billion in 2000, a 28% increase. The production capability of the copper clad laminates (CCL)
factory is expected to be increased to 300 thousand pieces per month
due to the second stage extension project that will be completed in
the first quarter of 2001. The company has acquired the qualification to bid the
tenders in 161KV extra high voltage cable project and will participate
in the 5th and 6th transmission and substation
works tenders released from Taiwan Power company for the next 5 years.
The location of the new factory in the original third stage CCL factory
extension project will be changed to Shanghai area in order to conform
to the customers¡¦ requirement.
Those works in proceeding and the active participation in the business
related to fix line will keep the company growth and profitable in
2001. |
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