Eclat Textile Corporation Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 07, 2018 at 11:45 am EST
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Eclat Textile Corporation Ltd. announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced sales was TWD 6,523.147 million compared to TWD 6,102.545 million a year ago. Operating income was TWD 1,286.117 million compared to TWD 1,105.487 million a year ago. Net income was TWD 1,036.360 million compared to TWD 922.065 million a year ago. Basic earnings per share from continuing operations was TWD 3.78 compared to TWD 3.35 a year ago. Basic earnings per share was TWD 3.78 compared to TWD 3.36 a year ago.
For the nine months, sales was TWD 20,024.727 million compared to TWD 17,191.775 million a year ago. Operating income was TWD 3,801.307 million compared to TWD 2,866.721 million a year ago. Net income was TWD 3,137.084 million compared to TWD 1,983.149 million a year ago. Basic earnings per share from continuing operations was TWD 11.44 compared to TWD 7.28 a year ago. Basic earnings per share was TWD 11.43 compared to TWD 7.23 a year ago.
Eclat Textile Co Ltd is a Taiwan-based company principally engaged in the garments and fabrics business. The Companyâs primary products include active wear, performance wear, ready to wear, seamless wear, flexible knit fabrics, organic cotton fabrics, lyocell fiber fabrics, rayon fiber fabrics, polymer fiber fabrics, anti-bacterial fabrics and others. Its fabrics are mainly used in the production of sportswear, casual garments, underwear and swimsuits. The Company mainly operates through two business segments. The Knitted Fabrics segment is mainly engaged in the production and sale of knitted fabrics. The Ready-made Garments segment is mainly engaged in the manufacture, processing and trading of garments. The Company mainly operates its business in Taiwan, the Americas and other Asian markets.