Lih Tai Construction Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 12, 2018 at 05:23 pm
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Lih Tai Construction Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced total revenue was TWD 404.723 million compared to TWD 438.898 million a year ago. Sales was TWD 360.178 million compared to TWD 402.666 million a year ago. Operating loss was TWD 241,000 compared to operating Income of TWD 14.879 million a year ago. Net income was TWD 13.482 million compared to TWD 23.197 million a year ago. Basic earnings per share was TWD 0.2 compared to TWD 0.33 a year ago. Diluted earnings per share was TWD 0.2 compared to TWD 0.32 a year ago.
For the nine months, total revenue was TWD 1,279.554 million compared to TWD 1,421.423 million a year ago. Sales was TWD 1,156.713 million compared to TWD 1,309.463 million a year ago. Operating income was TWD 13.616 million compared to TWD 74.919 million a year ago. Net income was TWD 40.472 million compared to TWD 84.472 million a year ago. Basic earnings per share was TWD 0.58 compared to TWD 1.19 a year ago. Diluted earnings per share was TWD 0.58 compared to TWD 1.18 a year ago.
Lihtai Construction Enterprise Co Ltd is a Taiwan-based company principally engaged in the production and sales of ready-mixed concrete. Ready-mixed concrete is a cement product processing industry, which is made of more than four to five main raw materials of different properties, such as cement, water, coarse and fine aggregates, and selected admixtures (blast furnace stone powder, fly ash, silica fume, chemical admixtures). After precise proportion design, it is mixed by automatic metering and then transported to the construction site by a ready-mix truck.
LIH TAI CONSTRUCTION ENTERPRISE CO., LTD. 
