Taiwan Sugar posts record after-tax net profit of NT$7.46 billion last year
台糖去年淨利達74.6億新台幣，創歷史新高
| TAIPEI (Taiwan News) — Taiwan Sugar Corp.’s after-tax net profit reached a record NT$7.46 billion (US$236 million) last year, an increase of NT$1.82 billion from 2024, mainly driven by land rental income and returns from investments.
At a press conference on Monday, the company said that it generated NT$31.64 billion in revenue last year. Its fuel, hospitality, and retail operations were profitable, while the biotechnology, sugar, and livestock divisions recorded a combined loss of NT$95 million, per CNA. Income from land sales and leasing, along with profits from its Taiwan High Speed Rail investment and foreign exchange gains, made up a significant share of total revenue. Company Chair Wu Ming-chang (吳明昌) said the firm will give each of its 3,080 employees a NT$3,600 bonus. He added the payout will come from the NT$50 million annual employee incentive fund allocated to state-owned enterprise chairs. The company has kept prices for its small-pack granulated sugar and cooking oil unchanged for over 10 years to support government efforts to stabilize prices. Sugar production costs about NT$31 per kg, while the selling price is NT$20, leading its two sugar mills to lose around NT$400 million per year. Wu noted that Taiwan Sugar has spent over NT$12 billion upgrading its pig farms, with the renovation about 95% complete and expected to be fully finished by July. The upgrades are expected to increase its herd from 140,000 pigs last year to 330,000. The company added that it plans to seek Ministry of Agriculture approval to raise its herd to 500,000 pigs annually. Taiwan Sugar mainly sells its pork domestically but is in talks to export to Japan and Singapore. Pork exports to Japan were halted following the 1997 foot-and-mouth disease outbreak. The company is also exploring opportunities to export sugar products to the US and Canada. This year marks the 80th anniversary of Taiwan Sugar. In May, the company will host an event at its Liuying resort in Tainan, showcasing its pork, sugar products, and orchids. In September, it will open an exhibition hall at its Qiaotou sugar mill in Kaohsiung, highlighting the mill’s history from the Japanese colonial period to the present. |
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| Carol Yang Taiwan News, Staff Writer | |
| 2026-01-13 |
