Taiwanese Ta Chen announced that its consolidated revenue in August was NTD 3.963 billion, reaching the record high again. However, Ta Chen's August income before taxes was TWD 30.46 million, which was worse than that in July, affected by the slumped nickel prices at LME.

It’s known that Ta Chen cut its selling price to release the pressure of high-priced inventory in August. Thus, its sales volume in August was to be 34% higher than July.

For the prospect, Ta Chen predicted that its sales in September would keep going down due to concern on debt crisis in the US and Europe.

(Sourced from YIEH.com)