Cathay Real Estate Development Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:50 am EDT
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Cathay Real Estate Development 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 3,934.91 million compared to TWD 2,353.62 million a year ago. Net income was TWD 418.7 million compared to net loss of TWD 100.1 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to basic loss per share from continuing operations of TWD 0.09 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to diluted loss per share from continuing operations of TWD 0.09 a year ago.
For the six months, sales was TWD 6,810.65 million compared to TWD 3,398.83 million a year ago. Net income was TWD 557.13 million compared to net loss of TWD 322.7 million a year ago. Basic earnings per share from continuing operations was TWD 0.48 compared to basic loss per share from continuing operations of TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.48 compared to diluted loss per share from continuing operations of TWD 0.28 a year ago.
CATHAY REAL ESTATE DEVELOPMENT CO., LTD. is a Taiwan-based company principally engaged in the property construction, development and distribution of residential buildings. The Company also provides leasing service and labor service. The Company's products mainly include elevator residential buildings. The Company conducts its businesses primarily in Taiwan.