Fortune Electric Reports NT$760 Million Profit, Shares Rise to NT$1,005
Fortune Electric Co reported a net profit of NT$760 million for last month, marking an 18% year-on-year increase, which propelled its shares to NT$1,005, a 4.36% rise. The company also announced a record full-year revenue of NT$24.42 billion for last year, driven by significant demand for transformers in AI data centers, with expectations for AI-related revenue growth to exceed 20% this year. Additionally, overseas shipments are projected to account for 60% of total revenue, up from 55% in the previous year.
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Fortune Electric Co reported a net profit of NT$760 million (US$24.04 million) for last month, an 18% increase year-on-year, leading its shares to close at NT$1,005, a 4.36% rise. The company reported revenue of NT$3.89 billion for last month, a 10.85% annual increase, and a record full-year revenue of NT$24.42 billion for last year, up 20.89%.
Fortune Electric is a designated supplier for the US$500 billion Stargate project and has an order backlog of NT$14 billion for transformers used in AI data centers. The company expects AI data center revenue to grow from 5-6% to over 20% this year. Overseas shipments are projected to account for 60% of total revenue, up from 55% last year.
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