TCI Reports NTD 0.621 Billion Net Profit Before Tax in 2014

The combined revenue of Ta Chen International Group (TCI) last year was NTD 11.353 billion, up 38% from NTD 8.215 billion in 2013. In addition, the net profit before tax reached NTD 0.621 billion, greatly exceeding NTD 0.233 billion in 2013. The EPS this year is very likely to reach NTD 1.

TCI was established in July 2007. Its capital is currently NTD 0.6 billion. The largest shareholder of TCI is Ta Chen Stainless Steel, which holds about 40% of the total shares of TCI. In 2008 TCI acquired. U.S. Brighton Best Socket Screws, a distributor of alloy steel, and has gradually expanded its business to the distribution of fasteners and nuts. In addition to the sales network in the U.S., it also has deployment in Canada, UK, Brazil, New Zealand, and Australia.

TCI’s major market is the U.S. (representing about 80-90% of its sales) and the sales network is quite stable. In order to increase the scale of the company, it acquired Porteous Fastener Company in Oct. 2013 for NTD 0.37 billion through its subsidiary BBI-USA. TCI has begun to enjoy the benefits brought by the acquisition of Porteous Fastener since last year, which helped grow the revenue and achieved a good net profit before tax that reached NTD 0.621 billion.