Lih Tai Construction Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 06:13 pm
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Lih Tai Construction Enterprise Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 901.65 million compared to TWD 751.37 million a year ago. Revenue was TWD 960.95 million compared to TWD 812.58 million a year ago. Net income was TWD 137.56 million compared to TWD 98.16 million a year ago. Basic earnings per share from continuing operations was TWD 2.29 compared to TWD 1.63 a year ago. Diluted earnings per share from continuing operations was TWD 2.29 compared to TWD 1.63 a year ago.
For the nine months, sales was TWD 2,626.68 million compared to TWD 2,243.7 million a year ago. Revenue was TWD 2,797.27 million compared to TWD 2,424.55 million a year ago. Net income was TWD 351.89 million compared to TWD 284.97 million a year ago. Basic earnings per share from continuing operations was TWD 5.86 compared to TWD 4.73 a year ago. Diluted earnings per share from continuing operations was TWD 5.83 compared to TWD 4.71 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.