Hwa Fong Rubber Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 11:15 pm
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Hwa Fong Rubber Industrial Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,211.97 million compared to TWD 1,360.96 million a year ago. Net income was TWD 111.65 million compared to TWD 39.95 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 0.14 a year ago. Diluted earnings per share from continuing operations was TWD 0.4 compared to TWD 0.14 a year ago.
For the six months, sales was TWD 2,294.78 million compared to TWD 2,806.09 million a year ago. Net income was TWD 179.97 million compared to TWD 140.28 million a year ago. Basic earnings per share from continuing operations was TWD 0.64 compared to TWD 0.5 a year ago. Diluted earnings per share from continuing operations was TWD 0.64 compared to TWD 0.5 a year ago.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.
HWA FONG RUBBER INDUSTRIAL CO., LTD. 
