Toung Loong Textile Mfg.Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 11:49 pm EDT
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Toung Loong Textile Mfg.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 695.72 million compared to TWD 1,247.69 million a year ago. Net loss was TWD 0.983 million compared to net income of TWD 84.05 million a year ago. Basic loss per share from continuing operations was TWD 0.01 compared to basic earnings per share from continuing operations of TWD 0.69 a year ago.
For the six months, sales was TWD 1,293.83 million compared to TWD 2,412.75 million a year ago. Net loss was TWD 16.93 million compared to net income of TWD 150.55 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to basic earnings per share from continuing operations of TWD 1.23 a year ago.
Toung Loong Textile Mfg. Co., Ltd. is a Taiwan-based company mainly engaged in the manufacture and sales of yarns. The Company's products consist of sewing threads, including zipper sewing threads, spun polyester (SP) threads, polyester yarns, nylon threads and bonded threads, and yarns for apparels, such as label yarns, Velcro yarns, air textured yarns, textured yarns and woven yarns. The Company distributes its products within the domestic market and to overseas markets, including the rest of Asia, Europe, the Americas, Oceania and others.
TOUNG LOONG TEXTILE MFG.CO.,LTD. 
