Fu Ta Material Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
Share
Fu Ta Material Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 35.08 million compared to TWD 23.86 million a year ago. Net loss was TWD 9.98 million compared to TWD 15.35 million a year ago. Basic loss per share from continuing operations was TWD 0.22 compared to TWD 0.33 a year ago. Basic loss per share was TWD 0.22 compared to TWD 0.33 a year ago.
For the nine months, sales was TWD 101.48 million compared to TWD 94.28 million a year ago. Net loss was TWD 33.83 million compared to TWD 33.25 million a year ago. Basic loss per share from continuing operations was TWD 0.74 compared to TWD 0.72 a year ago. Basic loss per share was TWD 0.74 compared to TWD 0.72 a year ago.
Fu Ta Material Technology Co Ltd is a Taiwan-based company principally engaged in the production and distribution of nylon yarns. The Company operates its businesses through three segments. The Spun Yarn segment is engaged in the production and sales of cotton yarns, artificial cotton yarns, blended yarns and synthetic fiber yarns. The Grey Cloth segment is engaged in the production, processing and trading of cotton fabrics, artificial silk fabrics, blended grey cloth and artificial grey cloth. The Electronic Material segment is engaged in the recycling of solar energy materials, such as silicon wafers and others. The Company distributes its products within domestic market and to overseas markets.
FU TA MATERIAL TECHNOLOGY CO., LTD. 