Koan Hao Technology Co Ltd Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Impairment Loss for the Third Quarter of 2018
November 13, 2018 at 11:30 am
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Koan Hao Technology Co Ltd. announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced sales was TWD 189.380 million compared to TWD 210.585 million a year ago. Operating income was TWD 6.154 million compared to TWD 6.230 million a year ago. Profit attributable to owners of parent was TWD 11.802 million compared to TWD 128.976 million a year ago. Basic earnings per share was TWD 0.17 compared to TWD 1.84 a year ago. Basic and diluted earnings per share was TWD 0.17 compared to TWD 1.83 a year ago. Profit from continuing operations before tax was TWD 14,274,000 against TWD 131,469,000 for the same period a year ago. Profit from continuing operations was TWD 11,802,000 against TWD 128,976,000 for the same period a year ago.
For the nine months, sales was TWD 578.928 million compared to TWD 604.814 million a year ago. Operating income was TWD 26.282 million compared to TWD 36.094 million a year ago. Profit attributable to owners of parent was TWD 60.399 million compared to TWD 116.360 million a year ago. Basic and diluted earnings per share was TWD 0.86 compared to TWD 1.66 a year ago. Diluted earnings per share was TWD 0.86 compared to TWD 1.65 a year ago. Profit from continuing operations before tax was TWD 72,691,000 against TWD 118,609,000 for the same period a year ago. Profit from continuing operations was TWD 60,399,000 against TWD 116,360,000 for the same period a year ago.
The company reported impairment loss (impairment gain and reversal of impairment loss) of TWD 356,000 for the third quarter of 2018 against nil for the same period a year ago.
Koan Hao Technology Co., Ltd., formerly Koan Hao Enterprise Co., Ltd., is a Taiwan-based company primarily engaged in the manufacture, processing and trade of self-adhesive labels, adhesive tapes and paper products. The Company's major products include general-purpose self-adhesive labels for printing of various types of trademarks, labels, security labels and advertising labels, adhesive tapes for general electronic plants, special adhesive tapes, general-purpose double-sided adhesive tapes, industrial paper and release paper for general industrial use, as well as special self-adhesive commodities, such as paper series, Tetolon series, polyvinyl chloride (PVC) series, laser label paper, among others. The Company distributes its products in domestic market and to overseas markets, including China mainland, Vietnam and other markets.
Koan Hao Technology Co Ltd Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Impairment Loss for the Third Quarter of 2018