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Listed companies' pretax profits hit 10-year high

The nation’s listed companies posted pretax profits of NT$1.26 trillion (US$42.7 billion) last quarter, up 26.6 percent year-on-year and the highest first-quarter performance in the past decade, data released by the Financial Supervisory Commission showed.
The overall pretax profits of all 946 firms listed on the Taiwan Stock Exchange (TWSE) grew 27.31 percent year-on-year to NT$1.14 trillion in the first quarter, also the best performance in 10 years, commission data showed.
The main growth momentum came from the shipping sector, which benefited from high freight rates amid ongoing port congestion worldwide, as well as robust demand for semiconductors and electronic components, which ....

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