YAGEO Reported 2022 September Consolidated Sales of NT$ 10,181 Million
2022/10/06YAGEO Corporation announced today its 2022 September consolidated sales of NT$ 10,181 million, up 0.1% m-o-m and up 3.8% y-o-y, respectively. The third quarter consolidated sales totaled NT$ 30,767 million, down 1.9% q-o-q but up 4.7% y-o-y, respectively. The YTD consolidated sales achieved NT$ 92,260 million, up 14.1% y-o-y.
As orders for premium business maintained steady momentum, September’s consolidated sales was slightly higher than previous month. But the inventory and end demand for standard business is still under adjustment.
Moving forward to the fourth quarter, as the number of working days will be reduced due to October holidays in China and December holiday season globally, the inventory adjustment period for standard products will be longer than expected. YAGEO will continually monitor the macro uncertainties, such as global pandemic outbreak, lockdowns in China, rising inflation, and international conflicts, and stay cautiously optimistic to its sales and operation outlook.
