OFCO Q1 Profits Increase Nearly 40%

The screw and nut manufacturer, OFCO Industrial Corp., announced its unaudited Q1 financial results. Its revenue amounted to NTD235 million with a quarterly reduction of 16.7%, profits before tax to NTD60.11 million increasing 39.3% compared to NTD43.16 million in Q4 2011 and beating a new single quarter record of the highest profits before tax. The EPS before tax was about NTD1.86.

Reportedly, so far the orders OFCO received have been filled till July. The production capacity in Q2 is surely fully loaded, the shipment of April is expected to surpass over 1,600 metric tons of March, and the shipment of May further to 1,900 metric tons which is the same as the largest amount in 2011. Thus, the Q2 revenue is expected to have a higher growth rate than that of Q1.

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