Hsin Yung Chien Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 04:56 pm EDT
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Hsin Yung Chien 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 465.36 million compared to TWD 506.92 million a year ago. Net income was TWD 110.47 million compared to net loss of TWD 362.45 million a year ago. Basic earnings per share from continuing operations was TWD 1.42 compared to basic loss per share from continuing operations of TWD 4.65 a year ago. Diluted earnings per share from continuing operations was TWD 1.42 compared to diluted loss per share from continuing operations of TWD 4.65 a year ago.
For the nine months, sales was TWD 1,425.15 million compared to TWD 1,424.78 million a year ago. Net income was TWD 273.07 million compared to TWD 796.22 million a year ago. Basic earnings per share from continuing operations was TWD 3.5 compared to TWD 10.21 a year ago. Diluted earnings per share from continuing operations was TWD 3.48 compared to TWD 10.12 a year ago.
HSIN YUNG CHIEN CO.,LTD. is a Taiwan-based company principally engaged in the manufacture and sales of rubber conveyor belts and other rubber products. The Company's main products include rubber conveyor belts; rubber sheets; oil-, acid- and heat-resisting packing; other packing; rubber fenders; special canvases; chemical fiber cloths for conveyor belts and conveyor parts. The Company distributes its products in domestic market and to overseas markets.