OUCC
2021 Shareholders’ Meeting
The 2021 general shareholders meeting of the company (TWSE
stock code: 1710) was held today, in which the 2020 business
report and financial statements were addressed. The global
economic recession in 2020, caused by COVID pandemic, had
impacted the monoethylene glycol (MEG), incurring the oversupply
and slashed prices of MEG, and resulted in the operative loss of
the company. However, in view of the rebounding downstream
market demand of polyester in 2021, MEG product prices remain
stable as market status improves. With the profit growth of
specialty chemicals and gas businesses sustained, the market
outlook expects to be bright. The Q1/2021 consolidated revenue
of the company totaled NTD6,574,763 thousand, an increase of 52%
comparing to the previous year, with net profit attributable to
the company NTD559,395 thousand, of EPS NTD0.64. Through prudent
operation, the company’s 2021 overall growth is foreseeable.
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U-Ming
Marine 2021 Shareholders’ Meeting
U-Ming Marine Transport Corporation held its 2021 Annual
Shareholder’s Meeting (AGM) at 9:00 a.m. today (July 13) at the
Taipei Hero House. The meeting was hosted by Chairman Mr.
Douglas Hsu who has successfully presented the financial
statements and the earnings distribution for 2020. In 2020, the
annual consolidated revenue was NT$8.507 billion with earnings
after tax of NT$878 million and earnings per share (EPS) of
NT$1.04. The meeting has also passed a motion of cash payment
dividend of NT$1.20 per share, maintaining the company’s record
of high surplus payouts and high dividend yields. U-Ming
continued to demonstrate its sound financial structure with a
total of NT$11.213 million in undistributed earnings and
statutory reserves available for distribution. It has NT$13.2
billion cash on hand to support the future expansion and
dividend payments. The company will continue its efforts to
reward shareholders with a strong performance.
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