Lungteh Shipbuilding Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:44 am EDT
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Lungteh Shipbuilding Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 977.98 million compared to TWD 976.14 million a year ago. Net income was TWD 82.55 million compared to TWD 53.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.77 compared to TWD 0.54 a year ago. Diluted earnings per share from continuing operations was TWD 0.77 compared to TWD 0.54 a year ago.
For the six months, sales was TWD 2,498.43 million compared to TWD 1,782.47 million a year ago. Net income was TWD 237.62 million compared to TWD 125.7 million a year ago. Basic earnings per share from continuing operations was TWD 2.28 compared to TWD 1.28 a year ago. Diluted earnings per share from continuing operations was TWD 2.28 compared to TWD 1.28 a year ago.
Lungteh Shipbuilding Co Ltd is a Taiwan-based company mainly engaged in shipbuilding. The Company operates through the Taipei segment and the Other segment two business segments. The Company's main business is to produce medium and high-speed boats. The main uses include offshore patrol boats, near-shore patrol boats, personnel operation and maintenance boats, high-speed passenger ships, research and survey ships, firefighting and rescue ships, port operations ships, and unmanned boats. It is also engaged in the provision of maintenance services for ships. Products are mainly sold to Taiwan, East Asia, Southeast Asia, Europe, Africa and other regions.