Lan Fa Textile Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 10, 2022
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Lan Fa Textile Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 596.85 million compared to TWD 674.59 million a year ago. Net income was TWD 86.04 million compared to TWD 152.44 million a year ago. Basic earnings per share from continuing operations was TWD 0.27 compared to TWD 0.48 a year ago. Diluted earnings per share from continuing operations was TWD 0.27 compared to TWD 0.48 a year ago.
LAN FA TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of textured polyester yarns. The Companyâs products include set yarns, stretch yarns, non-torque yarns, high-count yarns, less torque yarns, micro-fibers, non-sizing yarns, dimity-like yarns, fire-retardant finished yarns, matt yarns and environmental friendly yarns, among others. The Company operates through three segments, including false twisting plant in Chupei segment, false twisting plant in Hangzhou segment and others segment. The Company mainly operates businesses in the domestic market.