Nankang Rubber Tire Corp.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Nankang Rubber Tire Corp.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 2,053.44 million compared to TWD 2,254.26 million a year ago. Net income was TWD 103.5 million compared to net loss of TWD 166.28 million a year ago. Basic earnings per share from continuing operations was TWD 0.12 compared to basic loss per share from continuing operations of TWD 0.2 a year ago. Diluted earnings per share from continuing operations was TWD 0.12 compared to diluted loss per share from continuing operations of TWD 0.2 a year ago.
For the six months, sales was TWD 3,765.73 million compared to TWD 4,058.76 million a year ago. Net income was TWD 48.23 million compared to net loss of TWD 460.09 million a year ago. Basic earnings per share from continuing operations was TWD 0.06 compared to basic loss per share from continuing operations of TWD 0.55 a year ago. Diluted earnings per share from continuing operations was TWD 0.06 compared to diluted loss per share from continuing operations of TWD 0.55 a year ago.
Nankang Rubber Tire Corp., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of tires. The products of the Company include automotive tires, motorcycle tires and truck tires. Its automotive tires include snowfield-use vehicle tires, sedan tires, half hot melting tires and recreational vehicle (RV) tires, among others. Its motorcycle tires include heavy motorcycle tires and general motorcycle tires. The Company operates businesses in Taiwan market, America market, Europe market and Asia market, among others.