Cheng Loong Corporation Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 04:31 pm
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Cheng Loong Corporation announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 10,286.788 million compared to TWD 9,074.859 million a year ago. Operating income was TWD 1,431.283 million compared to TWD 1,249.250 million a year ago. Net income was TWD 1,242.194 million compared to TWD 899.122 million a year ago. Basic earnings per share from continuing operations was TWD 1.12 compared to TWD 0.81 a year ago.
Cheng Loong Corp. is a Taiwan-based company principally engaged in the manufacture and distribution of paper products. The main products of the Company are divided into three categories. Paper board products mainly include industrial paper, such as liner boards, whiteboards and corrugated paper. Paper containers products include corrugated paper boards, waterproof cardboard cases and corrugated cardboard cases, among others. Paper products include cultural paper, household paper and business paper. Cultural paper includes light coated paper, among others. Household paper includes sanitary tissues, paper towels and paper diapers, among others. Business paper includes paper for credit sign bills, invoices and packaging. The Company operates through three geographical segments, including Taiwan, Mainland China and Southeast Asia.
CHENG LOONG CORPORATION 