Nien Hsing Textile Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 05:39 pm EDT
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Nien Hsing Textile Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 2,410.44 million compared to TWD 2,321.06 million a year ago. Revenue was TWD 2,410.92 million compared to TWD 2,326.9 million a year ago. Net income was TWD 111.99 million compared to TWD 90.37 million a year ago. Basic earnings per share from continuing operations was TWD 0.57 compared to TWD 0.46 a year ago. Diluted earnings per share from continuing operations was TWD 0.56 compared to TWD 0.46 a year ago.
For the nine months, sales was TWD 6,846.88 million compared to TWD 5,912.03 million a year ago. Revenue was TWD 6,853.71 million compared to TWD 5,919.31 million a year ago. Net income was TWD 466.66 million compared to TWD 166.67 million a year ago. Basic earnings per share from continuing operations was TWD 2.36 compared to TWD 0.84 a year ago. Diluted earnings per share from continuing operations was TWD 2.34 compared to TWD 0.84 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.