ZongTai Real Estate Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 09, 2022
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ZongTai Real Estate Development Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 19.63 million compared to TWD 3,568.03 million a year ago. Net loss was TWD 50.59 million compared to net income of TWD 762.63 million a year ago. Basic loss per share from continuing operations was TWD 0.24 compared to basic earnings per share from continuing operations of TWD 3.62 a year ago. Diluted loss per share from continuing operations was TWD 0.24 compared to diluted earnings per share from continuing operations of TWD 3.6 a year ago.
Fu Hua Innovation Co Ltd, formerly known as Zongtai Real Estate Development Co Ltd is a Taiwan-based company principally engaged in the sale of real estates. The Companyâs main business is to entrust construction companies to build residential buildings and commercial buildings for lease or sale, and to operate domestic and foreign civil engineering and water conservancy projects. The Company is mainly engaged in the leasing of residences, shops and shopping malls. The Company conducts land development and sales with Taichung City as its main market.