Cathay Real Estate Development Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Cathay Real Estate Development Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 2,444.07 million compared to TWD 2,913.57 million a year ago. Net income was TWD 97.81 million compared to TWD 311.82 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to TWD 0.27 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to TWD 0.27 a year ago.
For the nine months, sales was TWD 6,411.53 million compared to TWD 5,821.45 million a year ago. Net loss was TWD 217.31 million compared to net income of TWD 380.86 million a year ago. Basic loss per share from continuing operations was TWD 0.19 compared to basic earnings per share from continuing operations of TWD 0.33 a year ago. Diluted loss per share from continuing operations was TWD 0.19 compared to diluted earnings per share from continuing operations of TWD 0.33 a year ago.
CATHAY REAL ESTATE DEVELOPMENT CO., LTD. is a Taiwan-based company principally engaged in the property construction, development and distribution of residential buildings. The Company also provides leasing service and labor service. The Company's products mainly include elevator residential buildings. The Company conducts its businesses primarily in Taiwan.