Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:41 pm
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Kwang Ming Silk Mill 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 225.77 million compared to TWD 200.33 million a year ago. Revenue was TWD 235.82 million compared to TWD 204.31 million a year ago. Net loss was TWD 4.01 million compared to net income of TWD 16.14 million a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to basic earnings per share from continuing operations of TWD 0.4 a year ago. Diluted loss per share from continuing operations was TWD 0.1 compared to diluted earnings per share from continuing operations of TWD 0.4 a year ago.
For the nine months, sales was TWD 683.23 million compared to TWD 668.9 million a year ago. Revenue was TWD 710 million compared to TWD 678.18 million a year ago. Net loss was TWD 3.6 million compared to net income of TWD 71.31 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 1.76 a year ago. Diluted loss per share from continuing operations was TWD 0.09 compared to diluted earnings per share from continuing operations of TWD 1.76 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.