Jinan Acetate Chemical Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 05:08 pm EST
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Jinan Acetate Chemical 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 1,195.64 million compared to TWD 639.31 million a year ago. Net income was TWD 306.75 million compared to TWD 105.5 million a year ago. Basic earnings per share from continuing operations was TWD 4.5836 compared to TWD 1.6126 a year ago. Diluted earnings per share from continuing operations was TWD 4.4521 compared to TWD 1.2357 a year ago.
For the nine months, sales was TWD 3,039.75 million compared to TWD 1,945.48 million a year ago. Net income was TWD 898.38 million compared to TWD 296.47 million a year ago. Basic earnings per share from continuing operations was TWD 13.558 compared to TWD 4.5222 a year ago. Diluted earnings per share from continuing operations was TWD 12.9182 compared to TWD 3.716 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.