Fu Ta Material Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 08:59 pm EST
Share
Fu Ta Material Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 40.62 million compared to TWD 35.08 million a year ago. Net income was TWD 7.05 million compared to net loss of TWD 9.98 million a year ago. Basic earnings per share from continuing operations was TWD 0.15 compared to basic loss per share from continuing operations of TWD 0.22 a year ago. Diluted earnings per share from continuing operations was TWD 0.15 compared to diluted loss per share from continuing operations of TWD 0.22 a year ago.
For the nine months, sales was TWD 131.95 million compared to TWD 101.48 million a year ago. Net income was TWD 4.21 million compared to net loss of TWD 33.83 million a year ago. Basic earnings per share from continuing operations was TWD 0.09 compared to basic loss per share from continuing operations of TWD 0.74 a year ago. Diluted earnings per share from continuing operations was TWD 0.09 compared to diluted loss per share from continuing operations of TWD 0.74 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.