Nankang Rubber Tire Corp.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Nankang Rubber Tire Corp.,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 2,254.26 million compared to TWD 1,927.35 million a year ago. Net loss was TWD 166.28 million compared to net income of TWD 238.97 million a year ago. Basic loss per share from continuing operations was TWD 0.2 compared to basic earnings per share from continuing operations of TWD 0.29 a year ago. Diluted loss per share from continuing operations was TWD 0.2 compared to diluted earnings per share from continuing operations of TWD 0.29 a year ago.
For the six months, sales was TWD 4,058.76 million compared to TWD 4,128.42 million a year ago. Net loss was TWD 460.09 million compared to net income of TWD 443.77 million a year ago. Basic loss per share from continuing operations was TWD 0.55 compared to basic earnings per share from continuing operations of TWD 0.54 a year ago. Diluted loss per share from continuing operations was TWD 0.55 compared to diluted earnings per share from continuing operations of TWD 0.54 a year ago.
Nankang Rubber Tire Corp., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of tires. The products of the Company include automotive tires, motorcycle tires and truck tires. Its automotive tires include snowfield-use vehicle tires, sedan tires, half hot melting tires and recreational vehicle (RV) tires, among others. Its motorcycle tires include heavy motorcycle tires and general motorcycle tires. The Company operates businesses in Taiwan market, America market, Europe market and Asia market, among others.