Jinan Acetate Chemical Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 29, 2023 at 05:59 pm EDT
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Jinan Acetate Chemical Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 2,366.68 million compared to TWD 1,040.45 million a year ago. Net income was TWD 1,078.88 million compared to TWD 202.58 million a year ago. Basic earnings per share from continuing operations was TWD 13.3652 compared to TWD 3.1025 a year ago. Diluted earnings per share from continuing operations was TWD 13.2863 compared to TWD 2.9535 a year ago.
For the six months, sales was TWD 3,927.55 million compared to TWD 1,844.11 million a year ago. Net income was TWD 1,600.64 million compared to TWD 591.64 million a year ago. Basic earnings per share from continuing operations was TWD 19.9119 compared to TWD 9.0708 a year ago. Diluted earnings per share from continuing operations was TWD 19.7542 compared to TWD 8.1593 a year ago.
Jinan Acetate Chemical Co., LTD. is an acetate tow manufacturer. The Company and its subsidiaries are principally engaged in research and development, manufacturing and sale of acetate tow. The Company's main product is cellulose acetate tow, which is applied in filters, reverse osmosis films, hollow fibers, acetate fibers for textile, and other fileds.