Formosa Optical Technology Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 05:08 pm EDT
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Formosa Optical Technology Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 715.44 million compared to TWD 593.3 million a year ago. Net loss was TWD 6.79 million compared to net income of TWD 19.91 million a year ago. Basic loss per share from continuing operations was TWD 0.11 compared to basic earnings per share from continuing operations of TWD 0.33 a year ago. Diluted loss per share from continuing operations was TWD 0.11 compared to diluted earnings per share from continuing operations of TWD 0.33 a year ago.
For the six months, sales was TWD 1,535.53 million compared to TWD 1,378.44 million a year ago. Net income was TWD 56.86 million compared to TWD 96.6 million a year ago. Basic earnings per share from continuing operations was TWD 0.95 compared to TWD 1.61 a year ago. Diluted earnings per share from continuing operations was TWD 0.95 compared to TWD 1.61 a year ago.
Formosa Optical Technology Co., Ltd. is a Taiwan-based company principally engaged in the provision of frames, optometry services for spectacles and contact lens, as well as the trading of eye drops. The Company provides frames, including optical frames and sunglasses frames; lenses, including near-sighted lenses, astigmatism lenses, far-sighted lenses, asymptotic multi-focal lenses and sunglasses lenses; contact lenses, including long wear contact lenses, disposable contact lenses, astigmatism contact lenses and corneal discoloration contact lenses, as well as various eye drops and optometry services. The Company distributes its products in the domestic market and to overseas markets.