Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 06:53 pm EDT
Share
Kwang Ming Silk Mill 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 154.37 million compared to TWD 222.78 million a year ago. Revenue was TWD 154.38 million compared to TWD 228.84 million a year ago. Net loss was TWD 27.05 million compared to TWD 18.76 million a year ago. Basic loss per share from continuing operations was TWD 0.67 compared to TWD 0.46 a year ago. Diluted loss per share from continuing operations was TWD 0.67 compared to TWD 0.46 a year ago.
For the six months, sales was TWD 322.38 million compared to TWD 457.45 million a year ago. Revenue was TWD 323.14 million compared to TWD 474.19 million a year ago. Net loss was TWD 36.95 million compared to net income of TWD 0.41 million a year ago. Basic loss per share from continuing operations was TWD 0.91 compared to basic earnings per share from continuing operations of TWD 0.01 a year ago. Diluted loss per share from continuing operations was TWD 0.91 compared to diluted earnings per share from continuing operations of TWD 0.01 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.