Declared Dividend • Jul 01
Dividend increased to NT$2.20 Dividend of NT$2.20 is 4.8% higher than last year. Ex-date: 16th July 2026 Payment date: 14th August 2026 Dividend yield will be 4.0%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 1.8% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.66 (vs NT$0.53 in 1Q 2025) First quarter 2026 results: EPS: NT$0.66 (up from NT$0.53 in 1Q 2025). Revenue: NT$5.40b (down 6.8% from 1Q 2025). Net income: NT$202.7m (up 24% from 1Q 2025). Profit margin: 3.8% (up from 2.8% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 3.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (93% payout ratio). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$2.36 (vs NT$2.39 in FY 2024) Full year 2025 results: EPS: NT$2.36 (down from NT$2.39 in FY 2024). Revenue: NT$22.5b (down 6.2% from FY 2024). Net income: NT$730.0m (down 1.1% from FY 2024). Profit margin: 3.2% (up from 3.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Mar 12
National Petroleum Co., Ltd., Annual General Meeting, Jun 23, 2026 National Petroleum Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,223, sec.3 pei hsin rd., sindian district, new taipei city Taiwan Announcement • Dec 19
National Petroleum Co., Ltd. Announces Board Changes, Effective December 18, 2025 National Petroleum Co., Ltd. announced a by-election for one director and one independent director at the 2025 1st Special Meeting of Shareholders. The previous director was Lai, Cheng-Shu (Representative of De-Hong Enterprise Co., Ltd.), who was also the Chairman of National Petroleum Co., Ltd. The previous independent director was Chang, Chia-chen, who was the Public Relations Manager of SKM Department Store Co., Ltd. The new director is Chung, Yu-Lin (Representative of MiaoLi Transportation Co., Ltd.), who is also the Chairman of MiaoLi Transportation Co., Ltd. The new independent director is Chang, Shuenn-Ren, who is the Vice President of Cheng Shiu University. The change was due to a new appointment and the reason for the change was a by-election. The original term was from July 1, 2024 to June 30, 2027. The effective date of the new appointments was December 18, 2025. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.66 (vs NT$0.62 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.66 (up from NT$0.62 in 3Q 2024). Revenue: NT$5.61b (down 9.3% from 3Q 2024). Net income: NT$203.6m (up 5.8% from 3Q 2024). Profit margin: 3.6% (up from 3.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.56 (vs NT$0.56 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.56. Revenue: NT$5.59b (down 7.3% from 2Q 2024). Net income: NT$172.5m (flat on 2Q 2024). Profit margin: 3.1% (up from 2.9% in 2Q 2024). The increase in margin was driven by lower expenses. Declared Dividend • Jul 11
Dividend of NT$2.10 announced Dividend of NT$2.10 is the same as last year. Ex-date: 25th July 2025 Payment date: 21st August 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (89.7% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.3% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Announcement • Jun 20
National Petroleum Co., Ltd. Approves Cash Dividend for 2024 National Petroleum Co., Ltd. at its Annual General Shareholders' Meeting held on 19 June 2025 approved cash dividend of TWD 2.1 per share for 2024. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.53 (vs NT$0.57 in 1Q 2024) First quarter 2025 results: EPS: NT$0.53 (down from NT$0.57 in 1Q 2024). Revenue: NT$5.80b (down 1.2% from 1Q 2024). Net income: NT$163.2m (down 8.1% from 1Q 2024). Profit margin: 2.8% (down from 3.0% in 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 30
National Petroleum Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 National Petroleum Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.39 (vs NT$2.53 in FY 2023) Full year 2024 results: EPS: NT$2.39 (down from NT$2.53 in FY 2023). Revenue: NT$24.0b (down 2.0% from FY 2023). Net income: NT$738.1m (down 5.7% from FY 2023). Profit margin: 3.1% (down from 3.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Mar 13
National Petroleum Co., Ltd., Annual General Meeting, Jun 19, 2025 National Petroleum Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: 2 floor no,223, sec.3 pei hsin rd., sindian district, new taipei city Taiwan Announcement • Mar 05
National Petroleum Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 National Petroleum Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.76 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.62 (down from NT$0.76 in 3Q 2023). Revenue: NT$6.19b (down 4.3% from 3Q 2023). Net income: NT$192.4m (down 18% from 3Q 2023). Profit margin: 3.1% (down from 3.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Nov 06
National Petroleum Co., Ltd. to Report Q3, 2023 Results on Nov 13, 2024 National Petroleum Co., Ltd. announced that they will report Q3, 2023 results on Nov 13, 2024 Announcement • Sep 14
National Petroleum Co., Ltd. Announces Board Changes National Petroleum Co., Ltd. announced the resignation of Hsu, Te-Hsiung as representative juristic-person director. Resume of the previous position holder: Executive Vice President of Formosa Petrochemical Corp. The company announced the appointment of Chen, Chia-Yi as representative juristic-person director, effective September 13, 2024. Resume of the new position holder: Senior Vice President of Formosa Petrochemical Corp. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.56 (vs NT$0.56 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.56 (down from NT$0.56 in 2Q 2023). Revenue: NT$6.03b (flat on 2Q 2023). Net income: NT$172.7m (down 1.1% from 2Q 2023). Profit margin: 2.9% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 09
National Petroleum Co., Ltd. Announces the Appointment of Wang, Chun Jie as Chief Internal Auditor National Petroleum Co., Ltd. announced the appointment of Wang, Chun Jie as Chief Internal Auditor. Resume of the new position holder: Wang, Chun Jie/the Company's section manager of Audit Department. Effective date: August 8, 2024. The Company released Material Information in MOPS to announce the change of Chief Internal Auditor on July 26, 2024. Announcement • Aug 01
National Petroleum Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 National Petroleum Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jul 19
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 16 August 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.3%). Declared Dividend • Jul 05
Dividend of NT$2.10 announced Dividend of NT$2.10 is the same as last year. Ex-date: 25th July 2024 Payment date: 16th August 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jul 04
National Petroleum Co., Ltd. Announces the Change of Remuneration Committee Members National Petroleum Co., Ltd. announced the change of remuneration committee members. Name of the previous position holder: Liu, Hui-Chi and Emme Wu. Resume of the previous position holder: Liu, Hui-Chi: Independent director of the Company/President of Formosa Biomedical Technology Corp. Emme Wu: Independent director of the Company/Lawyer of C. Chuang Attorneys At Law. Name of the new position holder: Li, Tsung-His and Lu, Hsueh-Hsiu. Name of the new position holder: Lu, Hsueh-Hsiu/Independent Director of the Company/Acting Vice President of Formosa Plastics Marine Corp. Li, Tsung-His/Independent Director of the Company/President of Kaofu Chemical Corp. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.57 (vs NT$0.55 in 1Q 2023) First quarter 2024 results: EPS: NT$0.57 (up from NT$0.55 in 1Q 2023). Revenue: NT$5.87b (flat on 1Q 2023). Net income: NT$177.5m (up 4.3% from 1Q 2023). Profit margin: 3.0% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • May 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • May 02
National Petroleum Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 National Petroleum Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$2.53 (vs NT$2.35 in FY 2022) Full year 2023 results: EPS: NT$2.53 (up from NT$2.35 in FY 2022). Revenue: NT$24.5b (up 1.5% from FY 2022). Net income: NT$783.0m (up 8.0% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 14
National Petroleum Co., Ltd., Annual General Meeting, Jun 21, 2024 National Petroleum Co., Ltd., Annual General Meeting, Jun 21, 2024. Location: (Taipei Innovation City Convention Center 2B Conference Hall, 2F., No. 223, Sec. 3, Beixin Rd., Xindian Dist New Taipei City Taiwan Agenda: To consider the Company's 2023 Business Report; to consider the Audit Committee's review of the 2023 annual final accounting books and statements; to consider the report on 2023 compensation for directors and employees; to consider the report on 2023 remuneration for directors; to consider the proposal for the 2023 Business Report and Financial Statements; to consider the Proposal for the distribution of 2023 Profits; to consider the re-election of directors upon expiration of the directors's terms of office; and to consider to release the new board of directors and representatives from the non-competition restrictions. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: NT$0.57 (vs NT$0.46 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.57 (up from NT$0.46 in 2Q 2022). Revenue: NT$6.01b (up 4.3% from 2Q 2022). Net income: NT$174.7m (up 22% from 2Q 2022). Profit margin: 2.9% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 19
Upcoming dividend of NT$2.10 per share at 3.1% yield Eligible shareholders must have bought the stock before 26 July 2023. Payment date: 18 August 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$65.20, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 20x in the Specialty Retail industry in Taiwan. Total returns to shareholders of 59% over the past three years. Announcement • Jul 06
National Petroleum Co., Ltd. Announces Cash Dividend, Payable on August 18, 2023 National Petroleum Co., Ltd. announced Cash dividend TWD 2.1 per share. Date of shareholder meeting: July 5, 2023. Ex-rights (ex-dividend) record date: August 1, 2023. Payment date of cash dividend distribution: August 18, 2023. Announcement • Jun 22
National Petroleum Co., Ltd. Approves the Proposal for the Distribution of 2022 Profits National Petroleum Co., Ltd. at 2023 Annual General Shareholders' Meeting on June 21, 2023 the company approved the Proposal for the distribution of 2022 Profits is approved. Cash dividend TWD 2.1 per share. Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: NT$2.35 (vs NT$2.62 in FY 2021) Full year 2022 results: EPS: NT$2.35 (down from NT$2.62 in FY 2021). Revenue: NT$24.2b (up 14% from FY 2021). Net income: NT$724.8m (down 11% from FY 2021). Profit margin: 3.0% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.67 (vs NT$0.72 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.67 (down from NT$0.72 in 3Q 2021). Revenue: NT$6.31b (up 18% from 3Q 2021). Net income: NT$206.0m (down 7.8% from 3Q 2021). Profit margin: 3.3% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hui-Chi Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.67 (vs NT$0.72 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.67 (down from NT$0.72 in 3Q 2021). Revenue: NT$6.31b (up 18% from 3Q 2021). Net income: NT$206.0m (down 7.8% from 3Q 2021). Profit margin: 3.3% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.48 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.46 (down from NT$0.48 in 2Q 2021). Revenue: NT$5.76b (up 22% from 2Q 2021). Net income: NT$143.5m (down 3.7% from 2Q 2021). Profit margin: 2.5% (down from 3.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Jul 19
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 19 August 2022. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.8%). Reported Earnings • May 11
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: NT$0.62 (down from NT$0.77 in 1Q 2021). Revenue: NT$5.98b (up 19% from 1Q 2021). Net income: NT$191.0m (down 20% from 1Q 2021). Profit margin: 3.2% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hui-Chi Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: NT$2.62 (up from NT$2.57 in FY 2020). Revenue: NT$21.2b (up 16% from FY 2020). Net income: NT$810.7m (up 2.2% from FY 2020). Profit margin: 3.8% (down from 4.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.72 (vs NT$0.80 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.33b (up 10.0% from 3Q 2020). Net income: NT$223.5m (down 9.8% from 3Q 2020). Profit margin: 4.2% (down from 5.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Aug 20
Upcoming dividend of NT$2.30 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 17 September 2021. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.62 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$4.74b (up 25% from 2Q 2020). Net income: NT$149.0m (down 22% from 2Q 2020). Profit margin: 3.1% (down from 5.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Executive Departure • Aug 06
Independent Director Te-Chang Chen has left the company On the 3rd of August, Te-Chang Chen's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Te-Chang's name. Te-Chang is the only executive to leave the company over the last 12 months. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.77 (vs NT$0.48 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.04b (up 1.1% from 1Q 2020). Net income: NT$238.4m (up 62% from 1Q 2020). Profit margin: 4.7% (up from 3.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$2.57 (vs NT$2.39 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$18.4b (down 20% from FY 2019). Net income: NT$793.1m (up 7.5% from FY 2019). Profit margin: 4.3% (up from 3.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 22
New 90-day high: NT$52.20 The company is up 12% from its price of NT$46.75 on 23 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: NT$50.30 The company is up 8.0% from its price of NT$46.40 on 17 September 2020. The Taiwanese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Specialty Retail industry, which is down 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.80 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$4.84b (down 17% from 3Q 2019). Net income: NT$247.8m (up 26% from 3Q 2019). Profit margin: 5.1% (up from 3.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 09
New 90-day high: NT$47.50 The company is up 5.0% from its price of NT$45.25 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 4.0% over the same period. Announcement • Jul 07
Formosa Petrochemical Corporation (TSEC:6505) acquired additional 12.97% stake in National Petroleum Co., Ltd. (TSEC:9937) for TWD 1.7 billion. Formosa Petrochemical Corporation (TSEC:6505) acquired additional 12.97% stake in National Petroleum Co., Ltd. (TSEC:9937) for TWD 1.7 billion on July 6, 2020. Under the terms, Formosa will acquire 40.08 million shares at a price of TWD 43.5 per share. Formosa owns 60.08 million shares of National Petroleum representing 19.44 million shares.
Formosa Petrochemical Corporation (TSEC:6505) completed the acquisition of additional 12.97% stake in National Petroleum Co., Ltd. (TSEC:9937) on July 6, 2020.