YAGEO Reported 2022 November Consolidated Sales of NT$ 10.003 Billion
2022/12/08YAGEO Corporation announced today its 2022 November consolidated sales of NT$ 10.003 billion, up 2.0% m-o-m and up 12.9% y-o-y, respectively. The YTD consolidated sales achieved NT$ 112.068 billion, up 14.0% y-o-y.
November’s consolidated sales was higher than previous month mainly attributed to normal working days in the Greater China region in November. The company's premium business maintains a steady demand momentum, while standard business’ inventory adjustment continues.
Currently, the company's premium business, which accounts a higher proportion of the total revenue, maintains steady order momentum, but the standard products' inventory adjustment might extend 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.
