New Best Wire Industrial Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:52 am EDT
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New Best Wire Industrial 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 1,725.91 million compared to TWD 2,243.64 million a year ago. Net income was TWD 53.75 million compared to TWD 132.55 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 0.99 a year ago. Diluted earnings per share from continuing operations was TWD 0.4 compared to TWD 0.99 a year ago.
For the six months, sales was TWD 3,386.5 million compared to TWD 4,573.96 million a year ago. Net income was TWD 106.43 million compared to TWD 306.05 million a year ago. Basic earnings per share from continuing operations was TWD 0.8 compared to TWD 2.29 a year ago. Diluted earnings per share from continuing operations was TWD 0.8 compared to TWD 2.29 a year ago.
NEW BEST WIRE INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of wire products. The Company provides carbon steel wires, black iron wires, stainless steel wires, alloy wires, electrolytic polishing tubes and others. The Company's products are mainly applied in hardware products, automobile components, semiconductors, biological products, tools, chemical products, food industry and others. The Company distributes its products within domestic market and to overseas markets.