King Slide Works Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 05, 2021 at 07:36 pm EDT
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King Slide Works Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 1,758.19 million compared to TWD 1,197.93 million a year ago. Net income was TWD 630.76 million compared to TWD 296.39 million a year ago. Basic earnings per share from continuing operations was TWD 6.62 compared to TWD 3.11 a year ago. Diluted earnings per share from continuing operations was TWD 6.59 compared to TWD 3.11 a year ago.
For the nine months, sales was TWD 4,525.01 million compared to TWD 3,537.48 million a year ago. Net income was TWD 1,448.84 million compared to TWD 920.81 million a year ago. Basic earnings per share from continuing operations was TWD 15.2 compared to TWD 9.66 a year ago. Diluted earnings per share from continuing operations was TWD 15.09 compared to TWD 9.65 a year ago.
KING SLIDE WORKS CO.,LTD. is a Taiwan-based company principally engaged in the research, design, manufacture and sales of guide rails for servers and peripheral components. The Companyâs main products include various types of guide rails for servers and peripheral equipment, multi-purpose hinges, slides and other components. The Company's guide rails products are mainly used in servers, network communications, cloud data centers and peripheral equipment, as well as kitchenware products, and hinges and slides are used in furniture, steel cabinets, tool cabinets, office furniture, wooden furniture and other interior decoration and furnishing products. The Company distributes its products in domestic market and to overseas markets, including the United States, mainland China and others.