YAGEO Reported 2023 June Consolidated Sales of NT$ 8.773 Billion
2023/07/07YAGEO Corporation announced today its 2023 June consolidated sales of NT$ 8.773 billion, down 2.6% m-o-m and down 17.9% y-o-y, respectively. 2Q23 consolidated sales of NT$ 26.790 billion, up 2.7% q-o-q but down 14.6% y-o-y, respectively. 1H23 consolidated sales achieved NT$ 52.887 billion, down 14.0% y-o-y.
June’s consolidated sales was lower than previous month due to fewer working days caused by semi-annual inventory counting in Greater China plants, and the supply chain's inventory and end demand adjustment continues.
Moving forward to next quarter, as macro uncertainties such as market demand/supply, rising inflation, and international conflicts are still there, YAGEO will closely monitor the market and stay prudently to its sales and operation outlook.
