Kwong Lung Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022
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Kwong Lung Enterprise Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,210.4 million compared to TWD 1,796.24 million a year ago. Net income was TWD 369.59 million compared to TWD 11.31 million a year ago. Basic earnings per share from continuing operations was TWD 2.78 compared to basic loss per share from continuing operations of TWD 0.26 a year ago. Diluted earnings per share from continuing operations was TWD 2.45 compared to diluted loss per share from continuing operations of TWD 0.26 a year ago.
For the nine months, sales was TWD 8,152.8 million compared to TWD 5,882.02 million a year ago. Net income was TWD 809.37 million compared to TWD 271.47 million a year ago. Basic earnings per share from continuing operations was TWD 5.79 compared to TWD 1.72 a year ago. Diluted earnings per share from continuing operations was TWD 5.06 compared to TWD 1.51 a year ago.
Kwong Lung Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the cleaning and processing of down materials, as well as the processing of garments. The company is also engaged in the manufacture and sales of feather bedding and home textile products. The company's garments mainly include jackets, warm clothes, outdoor functional sleeping bags and military clothing. The Company mainly distributes its products in Asia, the Americas and other markets.