Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022
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Kwang Ming Silk Mill Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 241.47 million compared to TWD 235.19 million a year ago. Revenue was TWD 245.35 million compared to TWD 236.34 million a year ago. Net income was TWD 19.17 million compared to TWD 28.57 million a year ago. Basic earnings per share from continuing operations was TWD 0.47 compared to TWD 0.71 a year ago. Diluted earnings per share from continuing operations was TWD 0.47 compared to TWD 0.71 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.