Rich Development Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
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Rich Development Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 1,571.58 million compared to TWD 1,312.77 million a year ago. Net loss was TWD 62.11 million compared to net income of TWD 70.22 million a year ago. Basic loss per share from continuing operations was TWD 0.08 compared to basic earnings per share from continuing operations of TWD 0.1 a year ago. Diluted loss per share from continuing operations was TWD 0.08 compared to diluted earnings per share from continuing operations of TWD 0.09 a year ago.
For the nine months, sales was TWD 4,643.43 million compared to TWD 3,847.38 million a year ago. Net income was TWD 72.85 million compared to TWD 37.6 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to TWD 0.05 a year ago.
Rich Development Construction Co Ltd is a Taiwan-based company primarily engaged in construction, development, leasing and distribution of residential and commercial buildings. The Company's main businesses consist of the development of buildings, which includes residential properties, commercial offices, shops and parking lots, as well as apartments, including housings, shops and parking lots. The Company is also involved in provision of commercial office leasing services, the construction of environment protection projects, the operation of hotels and restaurants and other.