Tainan Spinning Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022
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Tainan Spinning 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 5,599.26 million compared to TWD 5,310.45 million a year ago. Net income was TWD 418.42 million compared to TWD 1,013.07 million a year ago. Basic earnings per share from continuing operations was TWD 0.25 compared to TWD 0.61 a year ago. Diluted earnings per share from continuing operations was TWD 0.25 compared to TWD 0.61 a year ago.
For the six months, sales was TWD 11,390.25 million compared to TWD 10,652.04 million a year ago. Net income was TWD 1,176.65 million compared to TWD 2,135.34 million a year ago. Basic earnings per share from continuing operations was TWD 0.71 compared to TWD 1.29 a year ago. Diluted earnings per share from continuing operations was TWD 0.71 compared to TWD 1.29 a year ago.
Tainan Spinning Co., Ltd is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. The products of the Company include cotton yarn, polyester cotton, polyester granules, ester granules for bottles, polyester filaments, finished polyester filaments and others. The Company mainly operates through two segments, including Tainan Spinning segment and Tainan Spinning Vietnam segment. The Company operates businesses in China, Vietnam, Korea, Japan, South Africa and Americas, among others.