Taiwan Top 50 Corporates Slowdown To Follow 2004 Bonanza
By Tony Tsai, Director, Taiwan Ratings
John Bailey, Managing Director, Asia, Corporate Infrastructure Ratings, Standard Poor's
Taiwan's top 50 corporates further improved their credit quality in 2004, reporting record high sales and earnings as a result of the robust upswing in both the old-economy and high-tech industries. The top 50 companies' total sales grew by 30% year-on-year to Taiwan dollar NT$ 7,113 billion US$222 billion in 2004, and their aggregate net income increased by 59.4% year-on-year to NT$735 billion US$23 billion. The strong earnings performance of Taiwan 's top...
