Lih Tai Construction Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 06:21 pm
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Lih Tai Construction Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 726.28 million compared to TWD 630.35 million a year ago. Revenue was TWD 790.52 million compared to TWD 686.28 million a year ago. Net income was TWD 87.37 million compared to TWD 80.08 million a year ago. Basic earnings per share from continuing operations was TWD 1.45 compared to TWD 1.33 a year ago. Diluted earnings per share from continuing operations was TWD 1.44 compared to TWD 1.31 a year ago.
For the six months, sales was TWD 1,492.33 million compared to TWD 1,191.46 million a year ago. Revenue was TWD 1,611.97 million compared to TWD 1,295.55 million a year ago. Net income was TWD 186.81 million compared to TWD 159.3 million a year ago. Basic earnings per share from continuing operations was TWD 3.1 compared to TWD 2.64 a year ago. Diluted earnings per share from continuing operations was TWD 3.08 compared to TWD 2.62 a year ago.
Lihtai Construction Enterprise Co Ltd is a Taiwan-based company principally engaged in the production and sales of ready-mixed concrete. Ready-mixed concrete is a cement product processing industry, which is made of more than four to five main raw materials of different properties, such as cement, water, coarse and fine aggregates, and selected admixtures (blast furnace stone powder, fly ash, silica fume, chemical admixtures). After precise proportion design, it is mixed by automatic metering and then transported to the construction site by a ready-mix truck.