According to a recently published consolidated financial summary for Cheng Shin Rubber, the Taiwanese tiremaker’s net sales and profits are expected to steadily climb over the next couple of years.
The Morgan Stanley Research summary estimates that the Maxxis brand manufacturer’s net sales will rise from last year’s NT$130,269 million to NT$138,709 million this year and then to NT$156,895 million in 2014 and NT$164,186 million in 2015 – in total, a 26% increase over 2012 results.
Operating profit is projected to rise from the NT$19,118 million achieved last year to NT$21,250 million this year, NT$24,389 million in 2014 and NT$25,588 million in 2015 – a total increase of 33.8%.
Net profit, which amounted to NT$15,894 million in 2012, is expected to reach NT$18,009 million this year, NT$19,564 million in 2014 and NT$20,072 million in 2015 – a rise of 26.3% between 2012 and 2015. (Tyres & Accessories)
