Hsin Yung Chien Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022
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Hsin Yung Chien 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 505.2 million compared to TWD 501.55 million a year ago. Net income was TWD 45.59 million compared to TWD 1,032.68 million a year ago. Basic earnings per share from continuing operations was TWD 0.58 compared to TWD 13.24 a year ago. Diluted earnings per share from continuing operations was TWD 0.58 compared to TWD 13.18 a year ago.
For the six months, sales was TWD 959.79 million compared to TWD 917.86 million a year ago. Net income was TWD 162.6 million compared to TWD 1,158.66 million a year ago. Basic earnings per share from continuing operations was TWD 2.08 compared to TWD 14.86 a year ago. Diluted earnings per share from continuing operations was TWD 2.07 compared to TWD 14.64 a year ago.
HSIN YUNG CHIEN CO.,LTD. is a Taiwan-based company principally engaged in the manufacture and sales of rubber conveyor belts and other rubber products. The Company's main products include rubber conveyor belts; rubber sheets; oil-, acid- and heat-resisting packing; other packing; rubber fenders; special canvases; chemical fiber cloths for conveyor belts and conveyor parts. The Company distributes its products in domestic market and to overseas markets.