Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 12, 2023 at 02:46 am
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Kwang Ming Silk Mill Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was TWD 168.76 million compared to TWD 245.35 million a year ago. Net loss was TWD 9.9 million compared to net income of TWD 19.17 million a year ago.
Basic loss per share from continuing operations was TWD 0.24 compared to basic earnings per share from continuing operations of TWD 0.47 a year ago. Diluted loss per share from continuing operations was TWD 0.24 compared to diluted earnings per share from continuing operations of TWD 0.47 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.