WW Holding Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 28, 2022
Share
WW Holding Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 2,371.99 million compared to TWD 1,424.5 million a year ago. Net income was TWD 215.21 million compared to TWD 60.12 million a year ago. Basic earnings per share from continuing operations was TWD 3.59 compared to TWD 1 a year ago. Diluted earnings per share from continuing operations was TWD 3.58 compared to TWD 1 a year ago.
For the six months, sales was TWD 4,088.28 million compared to TWD 2,581.38 million a year ago. Net income was TWD 280.05 million compared to TWD 15.24 million a year ago. Basic earnings per share from continuing operations was TWD 4.67 compared to TWD 0.25 a year ago. Diluted earnings per share from continuing operations was TWD 4.66 compared to TWD 0.25 a year ago.
WW Holding Inc. is a Cayman Islands-based holding company primarily engaged in sports equipment and boutique bag production. Its sports business focuses on producing sports equipment, including sports gloves, protective gear, sports bags, golf bags, and other sporting goods and sports medical protective equipment. Its fashion business provides a collection of handbags, including clutches, totes, backpacks, wallets, business bags, and suitcases. The Company has two reportable segments: the sports equipment business and the luxury bag business. The former manufactures sports products, protection kits, and sports-related commercial products, while the latter manufactures leather bags, backpacks, luggage, commercial bags, and relevant accessories. Its subsidiaries are Wellpower Commerce Holding Co., Limited, Wilson Group Holdings Limited (SAMOA), Global Worth Investment Holding Ltd., and Virtue King International Limited. Its production sites are in China, Vietnam, Thailand, and Cambodia.