Formosa Oilseed Processing Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 05:09 am EDT
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Formosa Oilseed Processing 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 3,492.67 million compared to TWD 3,821.36 million a year ago. Revenue was TWD 3,482.61 million compared to TWD 3,808.43 million a year ago. Net income was TWD 40.01 million compared to TWD 147.34 million a year ago. Basic earnings per share from continuing operations was TWD 0.1714 compared to TWD 0.6381 a year ago. Diluted earnings per share from continuing operations was TWD 0.1714 compared to TWD 0.6381 a year ago.
For the six months, sales was TWD 7,299.91 million compared to TWD 7,338.48 million a year ago. Revenue was TWD 7,279.94 million compared to TWD 7,314.3 million a year ago. Net income was TWD 104.84 million compared to TWD 351.93 million a year ago. Basic earnings per share from continuing operations was TWD 0.4571 compared to TWD 1.5333 a year ago. Diluted earnings per share from continuing operations was TWD 0.4571 compared to TWD 1.5333 a year ago.
FORMOSA OILSEED PROCESSING CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of oil products and feedstuff. The Companyâs products include oil products, feedstuff products, raw material products including cereals and corns, as well as flour products. Its oil products include soybean oil, sunflower oil and palm oil, among others. Its feedstuff products include soybean powder, wheat powder, wheat bran, barley and mixed feedstuff, among others. The Company operates through four segments. Oil segment manufactures, processes and sells soybean oil and soybean powder. Feedstuff segment manufactures, processes and sells feedstuff. Flour segment manufactures, processes and sells flour products. Others segment is engaged in other businesses.
FORMOSA OILSEED PROCESSING CO., LTD. 
