Rexon Industrial Corp.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:32 pm EDT
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Rexon Industrial Corp.,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 1,022.15 million compared to TWD 944.25 million a year ago. Revenue was TWD 1,022.15 million compared to TWD 944.25 million a year ago. Net income was TWD 9.33 million compared to net loss of TWD 88.14 million a year ago. Basic earnings per share from continuing operations was TWD 0.05 compared to basic loss per share from continuing operations of TWD 0.49 a year ago. Diluted earnings per share from continuing operations was TWD 0.05 compared to diluted loss per share from continuing operations of TWD 0.49 a year ago.
For the six months, sales was TWD 1,610.84 million compared to TWD 2,579.09 million a year ago. Revenue was TWD 1,610.84 million compared to TWD 2,579.09 million a year ago. Net loss was TWD 66.8 million compared to TWD 139.44 million a year ago. Basic loss per share from continuing operations was TWD 0.37 compared to TWD 0.77 a year ago. Diluted loss per share from continuing operations was TWD 0.37 compared to TWD 0.77 a year ago.
REXON INDUSTRIAL CORP., LTD is a Taiwan-based company principally engaged in the manufacture and trading of machine tools. The Company mainly manufactures power tools. Its power tools include metal cutters, stands, tile cutters, cement mixers, polishing machines and impact drills, among others. The Company is also engaged in the manufacture, processing and trading of fitness machines and pneumatic tools. Its fitness machines include treadmills, upright bikes and ellipticals. Its pneumatic tools include nailer kits and others. The Company mainly distributes its products to North America.