Eternal Materials Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:03 am EST
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Eternal Materials Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 11,267.53 million compared to TWD 11,694.5 million a year ago. Net income was TWD 600.19 million compared to TWD 487.79 million a year ago. Basic earnings per share from continuing operations was TWD 0.51 compared to TWD 0.41 a year ago. Diluted earnings per share from continuing operations was TWD 0.51 compared to TWD 0.41 a year ago.
For the nine months, sales was TWD 31,692.73 million compared to TWD 37,243.11 million a year ago. Net income was TWD 1,094.76 million compared to TWD 2,267.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.93 compared to TWD 1.85 a year ago. Diluted earnings per share from continuing operations was TWD 0.93 compared to TWD 1.84 a year ago.
Eternal Materials Co Ltd is a Taiwan-based company principally engaged in the manufacture and sales of synthetic resins. The Company is also engaged in the manufacture of electronic chemical materials and special chemicals. The Company's products portfolio consists of general purpose resins, polyester resins, coating resins, special chemicals, circuit substrates, dry film photo resists, liquid crystal display (LCD) optical films, solar battery conductive adhesives, as well as silica gel materials for light emitting diode (LED) packaging and others. The Company's products are mainly applied in energy and public utilities, transportation industries, construction and furniture industries, electronics and motors, disposable consumer products, packaging and printing, healthcare and metal machinery. The Company distributes its products mainly in Taiwan, Mainland China and other markets.