Nien Hsing Textile Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 05:42 pm EDT
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Nien Hsing Textile Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,631.79 million compared to TWD 2,410.44 million a year ago. Revenue was TWD 1,631.53 million compared to TWD 2,410.92 million a year ago. Net loss was TWD 6.05 million compared to net income of TWD 111.99 million a year ago. Basic loss per share from continuing operations was TWD 0.03 compared to basic earnings per share from continuing operations of TWD 0.57 a year ago. Diluted loss per share from continuing operations was TWD 0.03 compared to diluted earnings per share from continuing operations of TWD 0.56 a year ago.
For the nine months, sales was TWD 4,881.76 million compared to TWD 6,846.88 million a year ago. Revenue was TWD 4,886.28 million compared to TWD 6,853.71 million a year ago. Net loss was TWD 244.5 million compared to net income of TWD 466.66 million a year ago. Basic loss per share from continuing operations was TWD 1.23 compared to basic earnings per share from continuing operations of TWD 2.36 a year ago. Diluted loss per share from continuing operations was TWD 1.23 compared to diluted earnings per share from continuing operations of TWD 2.34 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.