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Taiwan Cement Aims for Three Major Orientations for the Next Decade; Issues NT$1 Cash Dividend and NT$1 Stock Dividend

published: 2022-04-12 9:30

Taiwan Cement announced today that the company had achieved a revenue of NT$22.945 billion for the first quarter this year under a YoY increase of 4.12%, and the board of directors decided to issue NT$1 of cash divided and NT$1 of stock dividend, with a dividend payout ratio of 61%. Chang An-ping, Chairman of Taiwan Cement, commented that the three major orientations for Taiwan Cement for the next decade will be cement, energy, and waste disposal, and that the company’s energy strategy is to be heavily involved in the development of various renewable energy, as well as energy storage.

Taiwan Cement attained a consolidated revenue of NT$107.04 billion in 2021 under a YoY reduction of 6.84%, with a consolidated profit after tax of NT$21.2 billion under a YoY decrement of 24.25%, and an EPS of NT$3.3. The board of directors, upon approving the earning distribution proposal, decided to issue NT$1 of cash dividend and NT$1 of stock dividend under a dividend payout ratio of 61%.

Taiwan Cement announced that the company had yielded NT$9.971 billion of revenue in March under a monthly increase of 1.96%, and a revenue of NT$22.945 billion for the first quarter under a YoY improvement of 4.12%. Among which, NHOA had performed remarkably in consolidated revenue during the first quarter, with automotive chargers exhibiting multi-fold growth, while the joint venture Free2Move with the 4th largest auto company Stellantis is also seeing smooth development in business.

Chang commented that the three major orientations of Taiwan Cement for the next decade will be cement, energy, and waste disposal. The company aims to develop various renewable energy, and engage in development of energy storage that would resolve the energy predicament of humans.

Taiwan Cement commented that Chang An-ping and General Manager Li Chong-pei had visited Italy in March and participated in the unveiling ceremony for the brand new charging station that NHOA, a subsidiary of Taiwan Cement that completed merging in July 2021, designed for the Hotel Aroma, which marked an important milestone for charging, energy storage, and renewable energy in Southern Europe infrastructures.

Taiwan Cement announced in October 2018 to be forming a joint venture with largest Turkish cement company OYAK. Investment in Europe started to demonstrate results ever since the acquisition of Italy-based NHOA in July 2021, followed by a growth in cement prices in Portugal during 2021, where the degree of price growth had also exceeded two fold in Turkey. Simultaneously, Taiwan Cement has also accumulated a considerable amount of unsold carbon rights.

 (Cover photo source: TechNews)

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