Wah Hong Industrial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 11:59 pm
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Wah Hong Industrial Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 2,169.42 million compared to TWD 2,827.35 million a year ago. Revenue was TWD 2,169.42 million compared to TWD 2,827.35 million a year ago. Net income was TWD 61.44 million compared to TWD 81.79 million a year ago. Basic earnings per share from continuing operations was TWD 0.62 compared to TWD 0.83 a year ago. Diluted earnings per share from continuing operations was TWD 0.61 compared to TWD 0.82 a year ago.
For the nine months, sales was TWD 7,187.16 million compared to TWD 8,189.37 million a year ago. Revenue was TWD 7,187.16 million compared to TWD 8,189.37 million a year ago. Net income was TWD 226.21 million compared to TWD 196.7 million a year ago. Basic earnings per share from continuing operations was TWD 2.3 compared to TWD 2 a year ago. Diluted earnings per share from continuing operations was TWD 2.24 compared to TWD 1.97 a year ago.
WAH HONG INDUSTRIAL CORP. is principally engaged in the manufacture and distribution of liquid crystal display (LCD) materials, bulk molding compound (BMC) materials and molding products. The Company mainly operates four business segments, including Taiwan segment, Southern China segment, Eastern China segment and Other segment. The Company provides LCD materials, which include diffusion membranes, reflectors, diffuser boards, brightness enhancement films, compound films and protection films for thin film transistor (TFT) LCDs; BMC materials and molding products, including BMC materials, automobile front lamp mirrors, optical engine bases, precision products and components; functional engineering plastics, including dry BMC materials, conductive engineering plastics and fire-retardant engineering plastics; touch panel materials, including TFT panel conducting layers, decoration films, touch sensors and others, as well as compound materials, including carbon fibers, among others.
WAH HONG INDUSTRIAL CORP. 
