Nien Hsing Textile Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 06, 2018 at 01:34 pm EST
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Nien Hsing Textile Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced total revenue was TWD 2,402.594 million compared to TWD 2,172.785 million a year ago. Sales was TWD 2,397.814 million compared to TWD 2,165.665 million a year ago. Operating income was TWD 164.553 million compared to TWD 29.259 million a year ago. Net income was TWD 154.954 million compared to TWD 79.732 million a year ago. Basic earnings per share was TWD 0.78 compared to TWD 0.39 a year ago.
For the nine months, total revenue was TWD 6,436.105 million compared to TWD 7,087.277 million a year ago. Sales was TWD 6,422.676 million compared to TWD 7,083.310 million a year ago. Operating income was TWD 222.320 million compared to operating loss of TWD 1.291 million a year ago. Net income was TWD 277.000 million compared to TWD 158.450 million a year ago. Basic earnings per share was TWD 1.4 compared to TWD 0.47 a year ago.
NIEN HSING TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of garments and textile products. The products of the Company include denim and casual wear, denim cloth, casual cloth and ring-spun yarns. The Company operates through two segments, including textile segment and garment segment. The Company operates businesses in Taiwan, the Americas, Africa and Asia, among others.