Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021
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Kwang Ming Silk Mill 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 200.33 million compared to TWD 128.56 million a year ago. Revenue was TWD 204.31 million compared to TWD 128.49 million a year ago. Net income was TWD 16.14 million compared to TWD 1.87 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.4 compared to TWD 0.05 a year ago. Basic earnings per share was TWD 0.4 compared to TWD 0.05 a year ago. Diluted earnings per share was TWD 0.4 compared to TWD 0.05 a year ago.
For the nine months, sales was TWD 668.9 million compared to TWD 396.25 million a year ago. Revenue was TWD 678.18 million compared to TWD 395.89 million a year ago. Net income was TWD 71.31 million compared to net loss of TWD 35.09 million a year ago. Basic earnings per share from continuing operations was TWD 1.76 compared to basic loss per share from continuing operations of TWD 0.87 a year ago. Diluted earnings per share from continuing operations was TWD 1.76 compared to diluted loss per share from continuing operations of TWD 0.87 a year ago. Basic earnings per share was TWD 1.76 compared to basic loss per share of TWD 0.87 a year ago. Diluted earnings per share was TWD 1.76 compared to diluted loss per share of TWD 0.87 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.