Longchen Paper & Packaging Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Longchen Paper & Packaging Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 13,238.87 million compared to TWD 14,044.4 million a year ago. Net income was TWD 289.34 million compared to TWD 911.19 million a year ago. Basic earnings per share from continuing operations was TWD 0.23 compared to TWD 0.71 a year ago. Diluted earnings per share from continuing operations was TWD 0.23 compared to TWD 0.71 a year ago. Basic earnings per share was TWD 0.23 compared to TWD 0.71 a year ago. Diluted earnings per share was TWD 0.23 compared to TWD 0.71 a year ago.
For the six months, sales was TWD 26,803.92 million compared to TWD 25,225.97 million a year ago. Net income was TWD 301.01 million compared to TWD 1,420.8 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 compared to TWD 1.11 a year ago. Diluted earnings per share from continuing operations was TWD 0.24 compared to TWD 1.11 a year ago. Basic earnings per share was TWD 0.24 compared to TWD 1.11 a year ago. Diluted earnings per share was TWD 0.24 compared to TWD 1.11 a year ago.
Longchen Paper & Packaging Co., Ltd., formerly Long Chen Paper Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of paper products. The Companyâs products include industrial paper and corrugated paper container products. Its industrial paper includes kraft paperboards and corrugated medium paper. Its corrugated paper products include corrugated paperboards and corrugated paper boxes. The Company is also involved in the provision of recycling of energy and resources services, including the purchasing and sale of waste paper, the treatment of public sewage, the cogeneration of steam and electricity, the turnkey contracting of incinerators, car testing and commission operation businesses. The Company operates businesses in Taiwan, China, Japan and Germany.