Fu Ta Material Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 04:25 pm EST
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Fu Ta Material Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 20.15 million compared to TWD 40.62 million a year ago. Revenue was TWD 20.15 million compared to TWD 40.62 million a year ago. Net income was TWD 3.87 million compared to TWD 7.05 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to TWD 0.15 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to TWD 0.15 a year ago.
For the nine months, sales was TWD 56.93 million compared to TWD 131.95 million a year ago. Revenue was TWD 56.93 million compared to TWD 131.95 million a year ago. Net loss was TWD 6.55 million compared to net income of TWD 4.21 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to basic earnings per share from continuing operations of TWD 0.09 a year ago. Diluted loss per share from continuing operations was TWD 0.14 compared to diluted earnings per share from continuing operations of TWD 0.09 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.