Yao I Fabric Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Yao I Fabric 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 457.17 million compared to TWD 526.9 million a year ago. Net loss was TWD 32.19 million compared to net income of TWD 16.98 million a year ago. Basic loss per share from continuing operations was TWD 0.57 compared to basic earnings per share from continuing operations of TWD 0.3 a year ago. Diluted loss per share from continuing operations was TWD 0.57 compared to diluted earnings per share from continuing operations of TWD 0.3 a year ago.
For the six months, sales was TWD 1,001.88 million compared to TWD 1,164.18 million a year ago. Net loss was TWD 50.24 million compared to net income of TWD 61.61 million a year ago. Basic loss per share from continuing operations was TWD 0.89 compared to basic earnings per share from continuing operations of TWD 1.09 a year ago. Diluted loss per share from continuing operations was TWD 0.89 compared to diluted earnings per share from continuing operations of TWD 1.09 a year ago.
Yao I Fabric CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and sales of line products. The Companyâs primary products include fishing lines, trimmer lines, nylon lines, industrial lines, battledore lines and tennis racket lines. The Company is also engaged in the provision of elastic bands and non-woven fabrics. The Company's finishing lines are primarily used for freshwater fishing, sea fishing, stream fishing, river fishing and rock fishing. Its industrial lines are applied in lawnmowers and fasten tapes. The Company mainly distributes its products in Asia, the Americas and Europe.
YAO I FABRIC CO., LTD. 
