Far Eastern New Century's Q1 EPS at NT$0.61; Plans to issue NT$10 billion unsecured corporate bonds
Far Eastern New Century announced its Q1 financial results, with earnings per share (EPS) reaching NT$0.61, marking a new high in profit for the past seven quarters. The company's board also resolved to issue unsecured corporate bonds not exceeding NT$10 billion to fund operations, repay debts, invest in domestic and overseas businesses, and support capital expenditures.
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- 📰 Published: May 13, 2026 at 18:56
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Central News Agency
(Central News Agency reporter Tseng Jen-kai, Taipei, 13th) Far Eastern New Century today announced its Q1 financial report, with quarterly revenue of NT$61.298 billion, a decrease of 10.8% quarter-on-quarter and 3.8% year-on-year. Net profit attributable to the parent company was NT$3.092 billion, an increase of 28.5% quarter-on-quarter and 32.6% year-on-year. Earnings per share (EPS) for the quarter was NT$0.61, reaching a new high in profit for the past seven quarters.
The board of directors of Far Eastern New Century also resolved today to issue unsecured ordinary corporate bonds, with a total issuance amount not exceeding NT$10 billion or its equivalent in foreign currency. These bonds may be issued once or in installments depending on market conditions, with the issuance period generally not exceeding 10 years.
Far Eastern New Century stated that the proceeds from this unsecured corporate bond issuance are intended to replenish working capital, repay borrowings, invest in domestic and overseas businesses, or support capital expenditures and other funding needs, to stabilize medium- and long-term funding sources and strengthen the financial structure. Additionally, the funds will support green or social benefit investment projects of Far Eastern New Century or its loan-providing subsidiaries.
Far Eastern New Century also held a material information press conference this afternoon. Chief Financial Officer and Acting Spokesperson Wang Chien-cheng stated that in response to the working capital needs during the construction period of Corpus Christi Polymers (CCP), an affiliated enterprise invested by Far Eastern New Century through its subsidiary APG Polytech USA, the cumulative approved cash capital increase within one year reached over NT$300 million, which is being explained as required by regulations.
Wang Chien-cheng stated that CCP is a joint venture where Far Eastern New Century's subsidiary, Indorama, and Alpek jointly acquired a PTA (purified terephthalic acid) / PET (polyethylene terephthalate) integrated plant under construction in Corpus Christi, Texas, USA, through a US bankruptcy court process. The three companies each hold a 1/3 stake. According to the tripartite cooperation plan, Far Eastern New Century, through its subsidiaries, continuously processes cash capital increases in batches based on CCP's engineering progress needs, all of which are conducted after board resolutions and supported by accountants' opinions on price reasonableness. (Editor: Lin Chia-hsien) 1150513
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(Central News Agency reporter Tseng Jen-kai, Taipei, 13th) Far Eastern New Century today announced its Q1 financial report, with quarterly revenue of NT$61.298 billion, a decrease of 10.8% quarter-on-quarter and 3.8% year-on-year. Net profit attributable to the parent company was NT$3.092 billion, an increase of 28.5% quarter-on-quarter and 32.6% year-on-year. Earnings per share (EPS) for the quarter was NT$0.61, reaching a new high in profit for the past seven quarters.
The board of directors of Far Eastern New Century also resolved today to issue unsecured ordinary corporate bonds, with a total issuance amount not exceeding NT$10 billion or its equivalent in foreign currency. These bonds may be issued once or in installments depending on market conditions, with the issuance period generally not exceeding 10 years.
Far Eastern New Century stated that the proceeds from this unsecured corporate bond issuance are intended to replenish working capital, repay borrowings, invest in domestic and overseas businesses, or support capital expenditures and other funding needs, to stabilize medium- and long-term funding sources and strengthen the financial structure. Additionally, the funds will support green or social benefit investment projects of Far Eastern New Century or its loan-providing subsidiaries.
Far Eastern New Century also held a material information press conference this afternoon. Chief Financial Officer and Acting Spokesperson Wang Chien-cheng stated that in response to the working capital needs during the construction period of Corpus Christi Polymers (CCP), an affiliated enterprise invested by Far Eastern New Century through its subsidiary APG Polytech USA, the cumulative approved cash capital increase within one year reached over NT$300 million, which is being explained as required by regulations.
Wang Chien-cheng stated that CCP is a joint venture where Far Eastern New Century's subsidiary, Indorama, and Alpek jointly acquired a PTA (purified terephthalic acid) / PET (polyethylene terephthalate) integrated plant under construction in Corpus Christi, Texas, USA, through a US bankruptcy court process. The three companies each hold a 1/3 stake. According to the tripartite cooperation plan, Far Eastern New Century, through its subsidiaries, continuously processes cash capital increases in batches based on CCP's engineering progress needs, all of which are conducted after board resolutions and supported by accountants' opinions on price reasonableness. (Editor: Lin Chia-hsien) 1150513
Choose to stand with the facts, every sponsorship you provide is the power to protect press freedom.
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Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.