Uni-President Enterprises Corporation reported a net income of NT$5.909 billion (US$189 million) for the second quarter, marking a 4.7% year-on-year decline. Despite this drop, the company’s earnings per share (EPS) stood at NT$1.04. The first half of 2024 saw a net income of NT$11.44 billion (US$366 million), maintaining the same percentage decrease year-on-year, while EPS increased to NT$2.01 from NT$1.97 last year.
The company has expanded its reach beyond traditional food and beverage sectors, aiming to become a comprehensive lifestyle industry leader. With the peak sales period during summer vacations and festivals approaching, Uni-President anticipates improved profitability in the latter half of the year. Key investments, including Uni-President Central Control and Uni-President Supermarket, are poised for steady growth, driven by strategic initiatives and market positioning.
Uni-President’s revenue surged 19.4% to NT$320.876 billion (US$10.2 billion) in the first half of the year, largely due to the integration of Carrefour. However, while the merger has bolstered revenue, it has yet to significantly enhance profit margins. As the company navigates external market challenges, it remains committed to aligning with consumer demand and enhancing customer experiences, aspiring to establish an “Asia’s circulation life platform.” The company remains confident in achieving profit growth this year, leveraging declining raw material costs and strategic reinvestments in its core operations.
