Shin Foong Specialty and Applied Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was TWD 208.45 million compared to TWD 725.14 million a year ago. Net loss was TWD 22.63 million compared to net income of TWD 131.98 million a year ago.

Basic loss per share from continuing operations was TWD 0.21 compared to basic earnings per share from continuing operations of TWD 1.24 a year ago. Diluted loss per share from continuing operations was TWD 0.21 compared to diluted earnings per share from continuing operations of TWD 1.24 a year ago.