Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 05:16 pm EST
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Kwang Ming Silk Mill Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 170.52 million compared to TWD 225.77 million a year ago. Revenue was TWD 171.78 million compared to TWD 235.82 million a year ago. Net loss was TWD 27.66 million compared to TWD 4.01 million a year ago. Basic loss per share from continuing operations was TWD 0.68 compared to TWD 0.1 a year ago. Diluted loss per share from continuing operations was TWD 0.68 compared to TWD 0.1 a year ago.
For the nine months, sales was TWD 492.89 million compared to TWD 683.23 million a year ago. Revenue was TWD 494.92 million compared to TWD 710 million a year ago. Net loss was TWD 64.61 million compared to TWD 3.6 million a year ago. Basic loss per share from continuing operations was TWD 1.6 compared to TWD 0.09 a year ago. Diluted loss per share from continuing operations was TWD 1.6 compared to TWD 0.09 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.