Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported manufacturing revenues increased 4.3 percent in November to NT$7.33 billion, the company’s largest year-over-year monthly increase since October 2022.
Sales increased 4.1 percent in the November year-ago period but declined since then. Feng Tay reports financials in New Taiwan Dollar (NT$).
Year-to-date sales were down 11.3 percent to NT$78.4 billion.
The Taiwan-based company said that unaudited consolidated operating income was NT$793 million and consolidated net profit before tax of NT$479 million for November 2023.
Year-to-date consolidated operating income through November 2023 totaled NT$5.69 billion.
Consolidated net profit before and after tax amounted to NT$6.32 billion and NT$4.93 billion, respectively.
Net profit attributable to owners of the parent company totaled NT$4.51 billion.
Earnings per share was NT$4.57 for the year-to-date period.
Photo courtesy CommonWealth
