Pontex Polyblend Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023
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Pontex Polyblend 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 154.65 million compared to TWD 225.99 million a year ago. Revenue was TWD 154.65 million compared to TWD 225.99 million a year ago. Net loss was TWD 21.84 million compared to net income of TWD 5.35 million a year ago. Basic loss per share from continuing operations was TWD 0.23 compared to basic earnings per share from continuing operations of TWD 0.0585 a year ago. Diluted loss per share from continuing operations was TWD 0.23 compared to diluted earnings per share from continuing operations of TWD 0.0585 a year ago.
For the nine months, sales was TWD 463.24 million compared to TWD 757.23 million a year ago. Revenue was TWD 463.24 million compared to TWD 757.23 million a year ago. Net loss was TWD 41.95 million compared to net income of TWD 30.72 million a year ago. Basic loss per share from continuing operations was TWD 0.45 compared to basic earnings per share from continuing operations of TWD 0.341 a year ago. Diluted loss per share from continuing operations was TWD 0.45 compared to diluted earnings per share from continuing operations of TWD 0.341 a year ago.
PONTEX POLYBLEND CO., LTD. is a Taiwan-based company principally engaged in the design, development and manufacturing of spare parts and engineering plastics. The Company mainly operates through two business segments. The Equipment Components segment is mainly engaged in the manufacture, processing and trading of plastic injection molding products, including the soles, sports equipment and related spare parts. The Composite Materials segment is mainly engaged in the manufacture, processing and trading of engineering plastic materials, including the glass and fireproof composite materials, as well as nylon 6 and nylon 66 cold resistant materials. The Company mainly operates its businesses in Taiwan and the rest of Asia.