Morn Sun Feed Mill Corporation Reports Earnings Results for the Third Quarter Ended September 30, 2018; Reports Impairment Loss for the Quarter Ended September 30, 2018
November 13, 2018 at 01:31 pm
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Morn Sun Feed Mill Corporation announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced total revenue was TWD 345.419 million compared to TWD 335.766 million a year ago. Sales was TWD 345.419 million compared to TWD 335.766 million a year ago. Operating income was TWD 378,000 compared to TWD 17.668 million a year ago. Net income was TWD 15.448 million compared to TWD 43.755 million a year ago. Basic earnings per share was TWD 0.49 compared to TWD 1.46 a year ago. Diluted earnings per share was TWD 0.48 compared to TWD 1.45 a year ago. Profit from continuing operations before tax was TWD 16.008 million against TWD 46.700 million a year ago.
For the nine months, total revenue was TWD 1,066.528 million compared to TWD 1,041.889 million a year ago. Sales was TWD 1,066.528 million compared to TWD 1,041.889 million a year ago. Operating income was TWD 31.500 million compared to TWD 65.463 million a year ago. Net income was TWD 61.911 million compared to TWD 117.869 million a year ago. Basic earnings per share was TWD 2.02 compared to TWD 3.92 a year ago. Diluted earnings per share was TWD 2.01 compared to TWD 3.9 a year ago. Profit from continuing operations before tax was TWD 67.702 million against TWD 135.147 million a year ago.
For the quarter, the company reported impairment loss of TWD 96.2 million.
Morn Sun Feed Mill Corp is a Taiwan-based company engaged in the manufacture and sale of fodder, as well as the import and sale of primary commodities. The Company operates through feed segment and other segment two business segments. Main products are livestock feed, including pig feed, broiler feed, laying hen feed, duck and goose feed, and other related livestock and poultry feed; bulk raw materials, including corn, soybeans and wheat and other bulk grains. The Company also operates pig farms and chicken and duck poultry farms. The Company is also engaged in the warehousing and logistics management and the processing of feed.
Morn Sun Feed Mill Corporation Reports Earnings Results for the Third Quarter Ended September 30, 2018; Reports Impairment Loss for the Quarter Ended September 30, 2018