Tung Ho Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021
Share
Tung Ho Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 197.354 million compared to TWD 119.702 million a year ago. Operating income was TWD 23.429 million compared to TWD 1.766 million a year ago. Net income was TWD 31.539 million compared to TWD 19.107 million a year ago. Basic earnings per share from continuing operations was TWD 0.14 compared to TWD 0.09 a year ago. For the half year, total revenue was TWD 400.292 million compared to TWD 329.804 million a year ago. Operating income was TWD 42.819 million compared to operating loss of TWD 17.760 million a year ago. Net income was TWD 49.118 million compared to net loss of TWD 2.480 million a year ago. Basic earnings per share from continuing operations was TWD 0.22 compared to basic loss per share from continuing operations of TWD 0.01 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.
TUNG HO TEXTILE CO., LTD. 
