Hua Eng Wire & Cable Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 02:20 am
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Hua Eng Wire & Cable 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 2,260.92 million compared to TWD 2,759.43 million a year ago. Net income was TWD 224.52 million compared to net loss of TWD 134.7 million a year ago. Basic earnings per share from continuing operations was TWD 0.53 compared to basic loss per share from continuing operations of TWD 0.32 a year ago. Diluted earnings per share from continuing operations was TWD 0.53 compared to diluted loss per share from continuing operations of TWD 0.32 a year ago.
For the six months, sales was TWD 4,764.68 million compared to TWD 5,534 million a year ago. Net income was TWD 582.43 million compared to net loss of TWD 222.47 million a year ago. Basic earnings per share from continuing operations was TWD 1.37 compared to basic loss per share from continuing operations of TWD 0.52 a year ago. Diluted earnings per share from continuing operations was TWD 1.37 compared to diluted loss per share from continuing operations of TWD 0.52 a year ago.
Hua Eng Wire And Cable Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of wires and cables. The Companyâs products include oxygen-free copper wires, special oxygen-free copper materials, power cables, communication cables and optical cables. The Company operates through three segments. The Wires segment is mainly engaged in the manufacture of oxygen-free copper wires related products. The Cables segment is mainly engaged in the manufacture of power cables, communication cables and optical cables. The Copper Products segment is mainly engaged in the manufacture of copper related products. The Company operates businesses in Taiwan, Japan, Mainland China, Southeast Asia and the Middle East.
HUA ENG WIRE & CABLE CO., LTD. 
