Everlight Chemical Industrial Corp. posted a 22% increase in net profit last year, benefiting from lower raw material costs and an improved product mix.
Net income attributable to shareholders climbed to NT$1.84 billion ($58.2 million), with earnings per share of NT$1.56, the Taiwanese chemical maker said. Operating profit rose 13.3% to NT$2.17 billion ($68.7 million).
The company’s board approved a cash dividend of NT$1.2 per share, representing a yield of about 4.2% based on the March 14 closing price of NT$28.8.
Everlight’s specialty materials segment showed the most significant growth among its three main business divisions, helping boost overall profitability. The division, which accounted for 26.3% of total revenue, expanded due to new production capacity coming online.
The company’s synthetic resins division, its largest segment at 47.7% of revenue, maintained stable sales volume in mainland China despite slow market recovery there, while seeing significant growth in Asia-Pacific and North American markets.
For its electronic materials business, which represented 25.5% of revenue, Everlight said it plans to capitalize on the recovery in ABF substrate market and enter the high-end semiconductor packaging equipment sector, targeting expansion in Taiwan, Japan, Europe, America, and China.
