Formosa Chemicals & Fibre Corp (FCFC) held its shareholders' meeting on the 27th. Chairman Hong Fu-yuan apologized to shareholders for the company's first annual loss since its listing. The company quickly responded by launching a streamlining plan and has maintained profitability since the third quarter of last year. President Lu Wen-jin stated that the first quarter of this year saw improved margins, with earnings per share exceeding 1 NTD. The company remains cautiously optimistic about the second half of the year.

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  • Source: CNA (Central News Agency)
  • Category: Financial Report