Xu Yuan Packaging Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 15, 2022 at 10:49 pm
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Xu Yuan Packaging Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 324.88 million compared to TWD 296.09 million a year ago. Net income was TWD 507.87 million compared to net loss of TWD 22.2 million a year ago. Basic earnings per share from continuing operations was TWD 9.26 compared to basic loss per share from continuing operations of TWD 0.41 a year ago. Diluted earnings per share from continuing operations was TWD 9.08 compared to diluted loss per share from continuing operations of TWD 0.41 a year ago.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sale of heat shrinkable film printing labels and label equipment. Heat shrinkable film printed labels are used in beverages, food and other packaging. Labeling equipment includes vertical sleeve labeling machines, thin film sleeve labeling machines, bottle cap sleeve labeling machines, shrinking furnaces, labeling machines, palm press, re-inspection machines, and slicers, mainly used in the caps, bottles and safety signs of beverage, food, dairy products, pharmaceuticals, cosmetics and other bottles. The Company also provides polyvinyl chloride (PVC) transparent heat shrinkable film and PVC heat shrinkable rubber pellets.