1% rise in NTD reduces tech firm EPS by 1.5%: Business leader - Focus Taiwan

1% rise in NTD reduces tech firm EPS by 1.5%: Business leader - Focus Taiwan

Taipei, June 18 (CNA) A 1 percent appreciation of the Taiwan dollar against the U.S. dollar reduces earnings per share (EPS) for technology companies by 1.5 percent, Lin Por-fong (林伯豐), chairman of the Third Wednesday Association -- a group of prominent Taiwanese business leaders -- warned Wednesday.