Shih Wei Navigation Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:29 am EST
Share
Shih Wei Navigation 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 803.82 million compared to TWD 1,824.08 million a year ago. Revenue was TWD 868.22 million compared to TWD 1,908.03 million a year ago. Net loss was TWD 155.54 million compared to net income of TWD 603.27 million a year ago. Basic loss per share from continuing operations was TWD 0.41 compared to basic earnings per share from continuing operations of TWD 1.83 a year ago. Diluted loss per share from continuing operations was TWD 0.41 compared to diluted earnings per share from continuing operations of TWD 1.82 a year ago.
For the nine months, sales was TWD 2,448.98 million compared to TWD 5,236.34 million a year ago. Revenue was TWD 2,632.18 million compared to TWD 5,416.65 million a year ago. Net loss was TWD 582.09 million compared to net income of TWD 1,806.16 million a year ago. Basic loss per share from continuing operations was TWD 1.56 compared to basic earnings per share from continuing operations of TWD 5.49 a year ago. Diluted loss per share from continuing operations was TWD 1.56 compared to diluted earnings per share from continuing operations of TWD 5.45 a year ago.
SHIH WEI NAVIGATION CO., LTD. is a Taiwan-based company principally engaged in the provision of shipping related services. The Companyâs primary businesses include cargo shipping, shipping transportation, shipping agency, ship management and chartering businesses, as well as the purchasing and sales of ships. The Company mainly operates through two business segments. The Shipping segment is mainly engaged in the shipping and shipping agency businesses. The Tourism segment is mainly engaged in the development of sightseeing leisure hotels. The Company primarily transports cargoes of metal ores, coal, grains, steel, machine components, timbers, boards and other bulk commodities.