Formosa Chemical & Fibre Corp. swings to loss

MOSCOW (MRC) -- Formosa Chemicals & Fibre Corporation, a Taiwan-based manufacturer of chemical products, posted revenue of USD64.4 billion (Taiwan dollars) in first quarter (Q1) FY20 ended on March 31, 2020, compared to the revenue of USD89.2 billion in same period prior year, said Fibre2fashion.Company reported total loss of USD4.3 billion compared to profit of USD9.1 billion in Q1 FY19

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