Tung Ho Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 10, 2023 at 04:12 am EDT
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Tung Ho Textile Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was TWD 139.22 million compared to TWD 185.46 million a year ago. Revenue was TWD 139.22 million compared to TWD 185.46 million a year ago.
Net loss was TWD 8.9 million compared to net income of TWD 23.45 million a year ago. Basic loss per share from continuing operations was TWD 0.04 compared to basic earnings per share from continuing operations of TWD 0.11 a year ago. Diluted loss per share from continuing operations was TWD 0.04 compared to diluted earnings per share from continuing operations of TWD 0.11 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.