Zongtai Real Estate Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 09, 2021 at 03:45 pm EDT
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ZongTai Real Estate Development Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 3,568.026 million compared to TWD 1,551.838 million a year ago. Operating income was TWD 953.620 million compared to TWD 310.364 million a year ago. Net income was TWD 762.628 million compared to TWD 250.139 million a year ago. Basic earnings per share from continuing operations was TWD 3.62 compared to TWD 1.2 a year ago. Diluted earnings per share from continuing operations was TWD 3.6 compared to TWD 1.18 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.