Lang Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 06:23 pm
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Lang Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 796.35 million compared to TWD 705.18 million a year ago. Net income was TWD 26.02 million compared to TWD 42.93 million a year ago. Basic earnings per share from continuing operations was TWD 0.49 compared to TWD 0.81 a year ago. Diluted earnings per share from continuing operations was TWD 0.43 compared to TWD 0.68 a year ago. Basic earnings per share was TWD 0.49 compared to TWD 0.81 a year ago. Diluted earnings per share was TWD 0.43 compared to TWD 0.68 a year ago.
For the nine months, sales was TWD 2,224.08 million compared to TWD 1,942.47 million a year ago. Net income was TWD 49.07 million compared to TWD 187.05 million a year ago. Basic earnings per share from continuing operations was TWD 0.92 compared to TWD 3.48 a year ago. Diluted earnings per share from continuing operations was TWD 0.84 compared to TWD 3 a year ago. Basic earnings per share was TWD 0.92 compared to TWD 3.51 a year ago. Diluted earnings per share was TWD 0.84 compared to TWD 3.03 a year ago.
Lang Inc, formerly Jye Tai Precision Industrial Co Ltd, is a Taiwan-based company principally engaged in the manufacture, processing and sale of connectors, cables and remote controls. The products are mainly used to manufacture audio equipment, televisions, computers, communication equipment, electronic products, and to transmit signals, sounds and images. The Company distributes products in domestic market and overseas markets.