Tung Ho Textile Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022
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Tung Ho Textile Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 201.05 million compared to TWD 197.35 million a year ago. Revenue was TWD 201.05 million compared to TWD 197.35 million a year ago. Net income was TWD 45.71 million compared to TWD 31.54 million a year ago. Basic earnings per share from continuing operations was TWD 0.21 compared to TWD 0.14 a year ago. Diluted earnings per share from continuing operations was TWD 0.21 compared to TWD 0.14 a year ago.
For the six months, sales was TWD 386.51 million compared to TWD 400.29 million a year ago. Revenue was TWD 386.51 million compared to TWD 400.29 million a year ago. Net income was TWD 69.16 million compared to TWD 49.12 million a year ago. Basic earnings per share from continuing operations was TWD 0.31 compared to TWD 0.22 a year ago. Diluted earnings per share from continuing operations was TWD 0.31 compared to TWD 0.22 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.
TUNG HO TEXTILE CO., LTD. 
