Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported manufacturing revenues declined 1.7 percent in December to NT$7.7 billion, returning to the negative trend that has impacted the company for most of 2023.
Sales increased 4.3 percent in November 2023, but the negative trend prevailed since November 2022.
Feng Tay reports financials in New Taiwan Dollar (NT$).
Full-year 2023 sales were down 10.6 percent to NT$85.77 billion.
The Taiwan-based company said that unaudited consolidated operating income was NT$892 million and consolidated net profit before tax of NT$764 million for December 2023.
December consolidated operating income totaled NT$5.58 billion.
Consolidated net profit before and after tax amounted to NT$7.09 billion and NT$5.45 billion, respectively.
Net profit attributable to owners of the parent company totaled NT$4.98 billion.
Earnings per share were NT$5.04 for the period.
Image courtesy Marcus Troy
