Ofco Industrial Successfully Penetrates to U.S. Market and Reports NTD 1.233 Billion Revenue in 2018

Taiwan-based Ofco Industrial Corp. reported that its annual consolidated revenue in 2018 reached NTD 1.233 billion, up 38.23% from the same period last year and hitting 15-year high. Its net profit after tax was NTD 54 million with an EPS of NTD1.31. It is reported that since 2017 Ofco has been strengthening its business presence in U.S. market and has successfully gained its own significant market share and benefited a lot from the order-shifting effect caused by the trade war between USA and China since 2018.
 
The revenues of Ofco in January and February of 2019 are respectively NTD 87.048 million (+29.32% year-on-year) and 68.299 million (+21.11% year-on-year). Ofco is planning to continue the investment in introducing more facilities and developing more high value-added products. In addition, it is also considering collaboration with other associate companies to develop composites & special materials in order to enhance the added value of products and achieve better profit margin in the future.