Chitec Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 03:20 pm EST
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Chitec Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 391.86 million compared to TWD 363.37 million a year ago. Net income was TWD 49.38 million compared to TWD 29.5 million a year ago. Basic earnings per share from continuing operations was TWD 1.6 compared to TWD 0.99 a year ago. Diluted earnings per share from continuing operations was TWD 1.59 compared to TWD 0.98 a year ago. Basic earnings per share was TWD 1.6 compared to TWD 0.99 a year ago. Diluted earnings per share was TWD 1.59 compared to TWD 0.98 a year ago.
For the nine months, sales was TWD 1,261.95 million compared to TWD 1,107.91 million a year ago. Net income was TWD 154.26 million compared to TWD 91.86 million a year ago. Basic earnings per share from continuing operations was TWD 5.12 compared to TWD 3.09 a year ago. Diluted earnings per share from continuing operations was TWD 5.08 compared to TWD 3.06 a year ago. Basic earnings per share was TWD 5.12 compared to TWD 3.09 a year ago. Diluted earnings per share was TWD 5.08 compared to TWD 3.06 a year ago.
CHITEC TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of special chemical products. The Companyâs main products include rubber additives, coating additives, electronic materials chemical products, bioplastics and others. The Companyâs products are mainly applied in the thin film transistor-liquid crystal displays (TFT-LCDs), printed circuit boards (PCBs), digital versatile discs (DVDs) and others. The Company distributes its products both in domestic markets and overseas markets.