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BBI Reports Increased Profit in H1 2017

2017-10-30    Author:   Source:   Views:1153    

BBI with more than 45% of its shares being held by its parent company- TA Chen Steel, has successfully become the U.S. largest online fastener distributor. IT also expects to have more approaches included into its current sales network through acquisitions in the future to facilitate the diversification of its product portfolio.

Also benefited by the increasing steel prices this year, the gross margin of BBI increased by 34%. Its revenue in H1 2017 totaled NTD 5.505 bn. Currently BBI has 31 operations in 6 countries (inclusive of 21 in USA). Its main products are carton steel/ alloy steel/ SS fasteners.

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