Far Eastern Department Stores, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:07 am EST
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Far Eastern Department Stores, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 8,248.74 million compared to TWD 8,226.36 million a year ago. Net income was TWD 718.16 million compared to TWD 794.16 million a year ago. Basic earnings per share from continuing operations was TWD 0.51 compared to TWD 0.56 a year ago. Diluted earnings per share from continuing operations was TWD 0.51 compared to TWD 0.56 a year ago.
For the nine months, sales was TWD 25,786.99 million compared to TWD 24,433.3 million a year ago. Net income was TWD 2,230.39 million compared to TWD 1,304.44 million a year ago. Basic earnings per share from continuing operations was TWD 1.58 compared to TWD 0.93 a year ago. Diluted earnings per share from continuing operations was TWD 1.58 compared to TWD 0.92 a year ago.
Far Eastern Department Stores Ltd. is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. The department stores operated by the Company provide apparels for men and women and children, furniture, home appliances, sports and leisure products and consumer electronics, among others. The Company mainly operates businesses in Taiwan and Mainland China. The Company is also involved in investment businesses, trading businesses, e-commerce businesses, credit cards businesses, the agency of advertisement and importers, as well as the leasing of constructions through its subsidiaries.