The combined revenue of companies listed on the Taiwan Stock Exchange (TWSE) last month fell 10.12 percent year-on-year to NT$2.91 trillion (US$94.74 billion), the exchange said yesterday.
The TWSE said in a statement that 383 firms posted revenue growth, while 597 reported declines.
Firms in the tourism, automotive and trading-and-consumer goods industries reported the highest increases, it said.
Photo: Maurice Tsai, Bloomberg
The 82.61 percent rise in combined revenue of the tourism industry reflected a surge in demand for cross-border travel and a recovery of passenger traffic during the post-COVID-19 period, it added.
Combined revenue for the auto industry rose 38.31 percent as firms benefited from improving chip supplies, while companies in the trading-and-consumer goods industry attributed a combined 24.67 percent sales increase to foreign exchange gains and Mother’s Day purchases, the TWSE said.
Meanwhile, shipping and transportation, as well as the oil, gas and electricity industries posted large revenue declines of 42.38 percent and 30.62 percent respectively last month, which were due to sticky inflationary pressures that reduced market demand and led to lower freight rates, it said.
Revenue in the plastics industry also showed a marked decline of 29.61 percent last month due to lower demand for electronics materials, it added.
Accumulated revenue at the 980 listed firms in the first five months of the year reached NT$14.31 trillion, down 11.47 percent year-on-year, the exchange said.
The best and worst-performing industries last month also led those categories in the first five months, with tourism reporting revenue growth of 47.6 percent, while shipping and transportation posted a decline of 43.22 percent in revenue over the period, it said.
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