TAIWAN: Uni-President Enterprises posts 24% rise in Q1 profit
Taiwan's largest food company, Uni-President Enterprises Corp, has reported a 23.6% rise in quarterly profit, helped by strong beverage sales. The company reported first quarter profit of T$261m (US$7.5m), a 23.6% year-on-year increase, while sales climbed 10.6% to T$8.56bn. "The first quarter is usually a slow period for beverages sales, but they were very strong," Simon Hung, the company's public affairs manager, was quoted by Reuters as saying.
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