Sun Yad Construction Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Sun Yad Construction Co.,Ltd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 162.69 million compared to TWD 824.12 million a year ago. Net loss was TWD 26.78 million compared to net income of TWD 66.82 million a year ago. Basic loss per share from continuing operations was TWD 0.13 compared to basic earnings per share from continuing operations of TWD 0.33 a year ago.
For the six months, sales was TWD 474.35 million compared to TWD 1,174.97 million a year ago. Net loss was TWD 68.26 million compared to net income of TWD 60.66 million a year ago. Basic loss per share from continuing operations was TWD 0.34 compared to basic earnings per share from continuing operations of TWD 0.3 a year ago.
Sun Yad Construction Co Ltd is a Taiwan-based company mainly engaged in the investment, development and construction of real estate, as well as the manufacture and sale of resin and polyurethane (PU) synthetic leather. The real estate development and construction business is mainly engaged in the investment, development and trading of land, as well as the construction investment, design and trading of real estate. The main products of synthetic resins business include PU synthetic resin, PU adhesives, nylon resin and polyester polyols, among others. These products are mainly used for the manufacture of the PU synthetic leather and artificial leather for footwear, leather bags and clothes, as well as the manufacture of the waterproof nylon, such as raincoats, suitcases and tents. The PU synthetic leather business is mainly engaged in the manufacture and trading of plastic leather. The Company mainly distributes products in Taiwan as well as other parts of Asia.
SUN YAD CONSTRUCTION CO.,LTD 
