Shih Wei Navigation Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 05:59 am EDT
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Shih Wei Navigation Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 845.4 million compared to TWD 1,862.32 million a year ago. Revenue was TWD 901.06 million compared to TWD 1,903.93 million a year ago. Net loss was TWD 241.38 million compared to net income of TWD 698.83 million a year ago. Basic loss per share from continuing operations was TWD 0.65 compared to basic earnings per share from continuing operations of TWD 2.12 a year ago. Diluted loss per share from continuing operations was TWD 0.65 compared to diluted earnings per share from continuing operations of TWD 2.12 a year ago.
For the six months, sales was TWD 1,645.17 million compared to TWD 3,412.26 million a year ago. Revenue was TWD 1,763.95 million compared to TWD 3,508.62 million a year ago. Net loss was TWD 426.55 million compared to net income of TWD 1,202.9 million a year ago. Basic loss per share from continuing operations was TWD 1.16 compared to basic earnings per share from continuing operations of TWD 3.65 a year ago. Diluted loss per share from continuing operations was TWD 1.16 compared to diluted earnings per share from continuing operations of TWD 3.64 a year ago.
SHIH WEI NAVIGATION CO., LTD. is a Taiwan-based company principally engaged in the provision of shipping related services. The Companyâs primary businesses include cargo shipping, shipping transportation, shipping agency, ship management and chartering businesses, as well as the purchasing and sales of ships. The Company mainly operates through two business segments. The Shipping segment is mainly engaged in the shipping and shipping agency businesses. The Tourism segment is mainly engaged in the development of sightseeing leisure hotels. The Company primarily transports cargoes of metal ores, coal, grains, steel, machine components, timbers, boards and other bulk commodities.