Ocean Plastics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 12:08 am EST
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Ocean Plastics 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 1,109.23 million compared to TWD 1,465.11 million a year ago. Net income was TWD 48.69 million compared to TWD 85.53 million a year ago. Basic earnings per share from continuing operations was TWD 0.22 compared to TWD 0.39 a year ago. Diluted earnings per share from continuing operations was TWD 0.22 compared to TWD 0.39 a year ago.
For the nine months, sales was TWD 3,608.33 million compared to TWD 5,187.81 million a year ago. Net income was TWD 198.46 million compared to TWD 74.63 million a year ago. Basic earnings per share from continuing operations was TWD 0.9 compared to TWD 0.34 a year ago. Diluted earnings per share from continuing operations was TWD 0.9 compared to TWD 0.34 a year ago.
OCEAN PLASTICS CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of plastic materials and products. The Company primarily provides plastic cloths, plastic leather products, synthetic leather products, plastic construction materials and plastic raw materials. The Companyâs products are primarily applied in the manufacture of file folders, stationery related products, balls, shoes, purses, handbags, furniture, sports equipment, tubes, as well as electrical insulating materials, among others. The Company distributes its products in Taiwan, Mainland China, Hong Kong, India and the United States, among others.