Cheng Fwa Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023
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Cheng Fwa Industrial 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 332.51 million compared to TWD 534.75 million a year ago. Revenue was TWD 332.36 million compared to TWD 534.67 million a year ago. Net income was TWD 15.61 million compared to TWD 73.99 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to TWD 0.51 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to TWD 0.51 a year ago.
For the six months, sales was TWD 707.94 million compared to TWD 954.71 million a year ago. Revenue was TWD 707.42 million compared to TWD 954.52 million a year ago. Net income was TWD 15.5 million compared to TWD 84.7 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to TWD 0.59 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to TWD 0.59 a year ago.
Cheng Fwa Industrial Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and sales of video decoder casings and related components. The Company is also engaged in the manufacture and sales of computer casings and related components, precision stampings and electronic components. The Company mainly conducts its business in American, Asian and Taiwan markets.