Taiwan's Machine-tool Makers See Profit Growth in Q2

Taipei, Aug. 7, 2012 (CENS)--Despite slowing orders due to the economic downturn, several machine tool maker sin Taiwan including Taiwan Takisawa Ltd., Awea Mechantronic Co., Goodway Machine Corp., Kao Fong Machinery Co., and Falcon Machine Tools Co. still saw profits grow year on year (YoY) in the first half.

Taiwan Takisawa Ltd. saw profit in the first half hit a new three-year high, with pretax earnings in June reaching NT$31,024,000 (US$1,034,133) and NT$90,089,000 (US$3,002,966) in the first half, as well as NT1.31 (US$0.043) in pretax earnings per share (EPS).

A representative of Takisawa said since the beginning of this year the company had started to receive a monthly OEM (original equipment manufacture) order from Japan's Takisawa Group for over 100 units of small lathes, contributing to monthly orders reaching NT$240~250 million (US$8~8.33 million), with NT$700~800 million (US$23.3~26.7 million) of orders booked so far and order visibility through November.

AWEA Mechantronic Co., Ltd. saw new orders in July reach NT$250 million (US$8.33 million), with NT1.6 billion (US$53 million) of orders booked. An institutional investor estimated AWEA's net profit in the second quarter to exceed NT$70 million (US$2.33 million), with NT$0.8 (US$0.026) in EPS. The company's EPS exceeded NT$1.5 (US$0.05) in the first half.

Goodway Machine saw new orders in July reach nearly NT$200 million (US$6.67 million), with NT$800~900 million (US$26.67~30 million) booked and order visibility extending to November. An institutional investor estimated that pretax earnings of the company to reach NT$180 million (US$6 million) in the second quarter, with NT$2.6~2.7 (US$0.086~0.09) in EPS.

Kao Fong Machinery saw new order in July decrease from June, with order visibility extending to September. An institutional investor predicted the company's pretax earnings to reach NT$25 million (US$0.83 million) in the first half of this year, with NT$0.27 (US$0.009) in pretax EPS.

Falcon Machine saw new orders in July exceed expectations. Its subsidiary in U.S.A has been taking monthly orders exceeding US$2 million since the fourth quarter of last year, with US$2.5~2.6 million booked in July. The company's order visibility extends to November. An institutional investor estimated that Falcon's pretax earnings will exceed NT$40 million (US$1.33 million), with nearly NT$0.6 (US$0.02) in pretax EPS.