Tung Ho Textile Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:04 pm EST
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Tung Ho Textile Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 161.41 million compared to TWD 198.12 million a year ago. Revenue was TWD 161.41 million compared to TWD 198.12 million a year ago. Net income was TWD 42.86 million compared to TWD 60.01 million a year ago. Basic earnings per share from continuing operations was TWD 0.19 compared to TWD 0.27 a year ago. Diluted earnings per share from continuing operations was TWD 0.19 compared to TWD 0.27 a year ago.
For the nine months, sales was TWD 547.92 million compared to TWD 598.42 million a year ago. Revenue was TWD 547.92 million compared to TWD 598.42 million a year ago. Net income was TWD 112.02 million compared to TWD 109.13 million a year ago. Basic earnings per share from continuing operations was TWD 0.51 compared to TWD 0.5 a year ago. Diluted earnings per share from continuing operations was TWD 0.51 compared to TWD 0.5 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. 
