Pretax profits of listed firms down by 32.43% in 2011


CNA

TAIPEI–Pretax profits posted by Taiwan’s publicly listed companies dropped by 32.43 percent in 2011 compared with a yearearlier, according to statistics published by the Financial Supervision Committee yesterday. The committee attributed the decline in listed companies’ pretax profits last year to the impact of the European debt crisis.

Pretax profits of publicly listed companies in 2011 amounted to NT$1.16 trillion (US$39.55 billion), a drop of NT$561.3 billion from figures for 2010, the report pointed out. Main board companies listed in the stock market saw pretax profits decline in 2011 by 31.11 percent or NT$502.1 billion from 2010, butsaw revenues increase by NT$387.5 billion to NT$18.22 trillion in thesame period, the committee’s report said. Over-the-counter companies experienced even greater losses in 2011, with pretax profits declining by 50.58 percent or NT$59.2 billion to NT$57.8 billion, compared with a year earlier.