Cheng Fwa Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022
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Cheng Fwa Industrial 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 534.75 million compared to TWD 416.5 million a year ago. Revenue was TWD 534.67 million compared to TWD 416.2 million a year ago. Net income was TWD 73.99 million compared to net loss of TWD 30.06 million a year ago. Basic earnings per share from continuing operations was TWD 0.51 compared to basic loss per share from continuing operations of TWD 0.21 a year ago. Diluted earnings per share from continuing operations was TWD 0.51 compared to diluted loss per share from continuing operations of TWD 0.21 a year ago.
For the six months, sales was TWD 954.71 million compared to TWD 784.46 million a year ago. Revenue was TWD 954.52 million compared to TWD 783.86 million a year ago. Net income was TWD 84.7 million compared to net loss of TWD 35.46 million a year ago. Basic earnings per share from continuing operations was TWD 0.59 compared to basic loss per share from continuing operations of TWD 0.25 a year ago. Diluted earnings per share from continuing operations was TWD 0.59 compared to diluted loss per share from continuing operations of TWD 0.25 a year ago.
Cheng Fwa Industrial Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and sales of video decoder casings and related components. The Company is also engaged in the manufacture and sales of computer casings and related components, precision stampings and electronic components. The Company mainly conducts its business in American, Asian and Taiwan markets.