Formosa Oilseed Processing Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:15 am EST
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Formosa Oilseed Processing 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 3,648.85 million compared to TWD 3,941.51 million a year ago. Revenue was TWD 3,632.73 million compared to TWD 3,930.31 million a year ago. Net income was TWD 129.56 million compared to net loss of TWD 10.94 million a year ago. Basic earnings per share from continuing operations was TWD 0.56 compared to basic loss per share from continuing operations of TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.56.
For the nine months, sales was TWD 10,948.76 million compared to TWD 11,279.99 million a year ago. Revenue was TWD 10,912.67 million compared to TWD 11,244.61 million a year ago. Net income was TWD 234.39 million compared to TWD 340.99 million a year ago. Basic earnings per share from continuing operations was TWD 1.02 compared to TWD 1.48 a year ago. Diluted earnings per share from continuing operations was TWD 1.02 compared to TWD 1.48 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.