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2018-06-06

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2018/06/05

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Photo: Ta Ya held the 2018 general shareholder meeting, passed the allocation of NT$ 0.35 cash dividends, and completed the board election. Photographed by Ye, Zun-Che

proimages/news/coverage/2018/2018060502.jpgPhoto: Group photo of the Ta Ya Board of Directors and management team Photographed by Ye, Zun-Che

Reporter Ye, ZUn-Che, Tainan
        The cable tycoon, Ta Ya Electric Wire & Cable (1609), had a great operations performance in 2017 with a profit of NT$ 0.83 per share, the highest in 11 years. Ta Ya held the general shareholder meeting at Guanmiao headquarters on the 5th, passed the allocation of NT$ 0.35 cash dividends, and completed the Articles of Incorporation revision and board election.
        The Ta Ya shareholder meeting passed that starting from this term of office, auditors will no longer be appointed. The audit committee comprised of the entire independent director team will replace the duties of the auditors.
        Ta Ya Chairman Shen, Shang-Hung expressed that with the stable increase of the international copper (cable raw material) price and products from the subsidiaries including telecommunications, electric wire and cables, solar energy, enameled wires, and package welding lines, operations have grown compared to 2016. The combined revenue was NT$ 16.743 billion, a 17.35% increase from 2016. The net income was NT$ 467 million, a giant 15.6 times growth from the NT$ 28 million of 2016. The earnings per share was NT$ 0.83, the highest since 2007.
        The Ta Ya shareholder meeting passed the dividend allocation, each share was allocated with NT$ 0.35 in cash dividends. Shen, Shang-Hung said that even though the cash dividends are not optimal, they are still better than deposit interest rates. More cash is reserved for the development of future business ventures. Shen, Shang-Hung pointed out that in order to bring more benefits to the shareholders, Ta Ya has actively invested in the green energy business recently. Currently, the solar energy business is under good development, the scale of the power plants are increasing by day, but large fundings are required. For instance, a 10MW power plant requires approximately NT$ 500 million (at least 20% equity capital). The offshore wind power submarine cable plants under development require even greater investments. Even though there are many uncertainties, but once they are completed, they will be greatly beneficial for the prospects of the Group. The management team will audit and evaluate.
        As for this year, Shen, Shang-Hung is optimistic on this year’s operations based on the stable copper price conditions. Statistics show that the revenue of Ta Ya in the first four months was NT$ 5.905 billion, a 17.26% growth from last phase. The earnings per share reached NT$ 0.47 in the first quarter, stronger than last year.

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