Universal Textile Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 10:03 am
Share
Universal Textile Co., 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 353.79 million compared to TWD 361.25 million a year ago. Net income was TWD 13.98 million compared to net loss of TWD 22.75 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to basic loss per share from continuing operations of TWD 0.17 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to diluted loss per share from continuing operations of TWD 0.17 a year ago.
For the six months, sales was TWD 755.79 million compared to TWD 711.13 million a year ago. Net income was TWD 29.65 million compared to net loss of TWD 24.62 million a year ago. Basic earnings per share from continuing operations was TWD 0.23 compared to basic loss per share from continuing operations of TWD 0.19 a year ago. Diluted earnings per share from continuing operations was TWD 0.23 compared to diluted loss per share from continuing operations of TWD 0.19 a year ago.
UNIVERSAL TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. Its products include textured yarns, filament suit fabrics, lightweight fabrics for womenâs apparels, filament and staple fiber yarn cross weaving fabrics and polyester textured yarns. The Company is also engaged in the importing and exporting of raw materials, materials and finished products, as well as the leasing and sales of commercial buildings and residential buildings. The Company operates businesses through textile segment and false twist segment. The Company operates businesses in domestic and overseas markets, including Asia, Europe, America and other regions.