Hua Eng Wire & Cable Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 10, 2022 at 08:36 am
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Hua Eng Wire & Cable Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 2,774.57 million compared to TWD 2,249.78 million a year ago. Net loss was TWD 87.78 million compared to net income of TWD 874.67 million a year ago. Basic loss per share from continuing operations was TWD 0.21 compared to basic earnings per share from continuing operations of TWD 2.06 a year ago. Diluted loss per share from continuing operations was TWD 0.21 compared to diluted earnings per share from continuing operations of TWD 2.05 a year ago.
Hua Eng Wire And Cable Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of wires and cables. The Companyâs products include oxygen-free copper wires, special oxygen-free copper materials, power cables, communication cables and optical cables. The Company operates through three segments. The Wires segment is mainly engaged in the manufacture of oxygen-free copper wires related products. The Cables segment is mainly engaged in the manufacture of power cables, communication cables and optical cables. The Copper Products segment is mainly engaged in the manufacture of copper related products. The Company operates businesses in Taiwan, Japan, Mainland China, Southeast Asia and the Middle East.