Man Zai Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Man Zai Industrial Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 175.17 million compared to TWD 295.47 million a year ago. Net income was TWD 44.58 million compared to TWD 78.61 million a year ago. Basic earnings per share from continuing operations was TWD 0.8 compared to TWD 1.4 a year ago. Diluted earnings per share from continuing operations was TWD 0.79 compared to TWD 1.39 a year ago.
For the nine months, sales was TWD 647.08 million compared to TWD 778.65 million a year ago. Net income was TWD 133.98 million compared to TWD 163.72 million a year ago. Basic earnings per share from continuing operations was TWD 2.39 compared to TWD 2.92 a year ago. Diluted earnings per share from continuing operations was TWD 2.38 compared to TWD 2.9 a year ago.
MAN ZAI INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive air-conditioning modules. The Company's main products include automotive air-conditioning modules, steam turbine cooling modules, electromechanical cooling modules, as well as heat exchangers of home appliances and air conditioning systems. The Company distributes its products in domestic market and to overseas markets, such as Europe, the Americas and the other areas of Asia.