FOXBusiness.com: Formosa Petrochemical 2012 Pretax Profit Plunges 90%

FOXBusiness.com FOX Business Network - The Power to Prosper

Formosa Petrochemical 2012 Pretax Profit Plunges 90% Jan 3rd 2013, 06:57 Formosa Petrochemical Corp. (6505.TW), Taiwan's largest private refiner, said Thursday its pretax profit in 2012 plunged 90%, hit by high crude-oil costs and weak global petrochemical demand.

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