Kung Long Batteries Industrial Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022
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Kung Long Batteries Industrial Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1,669.85 million compared to TWD 1,695.96 million a year ago. Net income was TWD 258.32 million compared to TWD 226.86 million a year ago. Basic earnings per share from continuing operations was TWD 3.16 compared to TWD 2.77 a year ago. Diluted earnings per share from continuing operations was TWD 3.14 compared to TWD 2.76 a year ago. Basic earnings per share was TWD 3.16 compared to TWD 2.77 a year ago. Diluted earnings per share was TWD 3.14 compared to TWD 2.76 a year ago.
KUNG LONG BATTERIES INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing, assembly and trading of storage batteries. The Companyâs primary products include sealed lighting batteries, locomotive batteries, automobile batteries and related raw materials. The Companyâs products are mainly used in uninterruptible power supply (UPS) devices, medical equipment, communication devices, firefighting equipment, wireless telephone apparatuses, lightening products, electronic equipment and toy cars, among others. The Company operates through three business segments: Taiwan segment, Vietnam segment and others segment. The Company mainly distributes its products within domestic market and to overseas markets, including the Americas, Europe, the rest of Asia and others.