Hua Eng Wire & Cable Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:10 pm EST
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Hua Eng Wire & Cable 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 2,422.63 million compared to TWD 2,787.07 million a year ago. Revenue was TWD 2,422.63 million compared to TWD 2,787.07 million a year ago. Net income was TWD 70.16 million compared to TWD 12.36 million a year ago. Basic earnings per share from continuing operations was TWD 0.17 compared to TWD 0.03 a year ago. Diluted earnings per share from continuing operations was TWD 0.16 compared to TWD 0.03 a year ago.
For the nine months, sales was TWD 7,187.31 million compared to TWD 8,321.07 million a year ago. Revenue was TWD 7,187.31 million compared to TWD 8,321.07 million a year ago. Net income was TWD 652.59 million compared to net loss of TWD 210.12 million a year ago. Basic earnings per share from continuing operations was TWD 1.54 compared to basic loss per share from continuing operations of TWD 0.5 a year ago. Diluted earnings per share from continuing operations was TWD 1.53 compared to diluted loss per share from continuing operations of TWD 0.5 a year ago.
Hua Eng Wire And Cable Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of wires and cables. The Companyâs products include oxygen-free copper wires, special oxygen-free copper materials, power cables, communication cables and optical cables. The Company operates through three segments. The Wires segment is mainly engaged in the manufacture of oxygen-free copper wires related products. The Cables segment is mainly engaged in the manufacture of power cables, communication cables and optical cables. The Copper Products segment is mainly engaged in the manufacture of copper related products. The Company operates businesses in Taiwan, Japan, Mainland China, Southeast Asia and the Middle East.