Tong Ming Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023
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Tong Ming 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 3,042.79 million compared to TWD 3,905.94 million a year ago. Revenue was TWD 3,042.79 million compared to TWD 3,905.94 million a year ago. Net income was TWD 163.17 million compared to net loss of TWD 13.31 million a year ago. Basic earnings per share from continuing operations was TWD 0.81 compared to basic loss per share from continuing operations of TWD 0.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.81 compared to diluted loss per share from continuing operations of TWD 0.07 a year ago.
For the nine months, sales was TWD 10,100.46 million compared to TWD 11,705.32 million a year ago. Revenue was TWD 10,100.46 million compared to TWD 11,705.32 million a year ago. Net income was TWD 256.66 million compared to TWD 724.01 million a year ago. Basic earnings per share from continuing operations was TWD 1.27 compared to TWD 3.6 a year ago. Diluted earnings per share from continuing operations was TWD 1.27 compared to TWD 3.6 a year ago.
Tong Ming Enterprise Co., Ltd. is engaged in manufacturing stainless steel fasteners with production bases in Malaysia, Thailand and China. The Companyâs products include stainless steel fasteners and stainless-steel wire. The Companyâs stainless steel fastener products include nonstandard products, threaded rods & studs, washers/rings, mushroom head square neck bolts, machine screws, self-tapping screws, nuts, hexagon socket cap screws and hexagon head bolts. The stainless-steel wire includes netting, cable, nails, and cold heading products. It also provides washers/rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts and rivets. The Company has approximately 45,000 annual production capacity.