Yao I Fabric Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 01:20 am EST
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Yao I Fabric 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 458.7 million compared to TWD 484.7 million a year ago. Net loss was TWD 43.23 million compared to net income of TWD 6.66 million a year ago. Basic loss per share from continuing operations was TWD 0.77 compared to basic earnings per share from continuing operations of TWD 0.12 a year ago. Diluted loss per share from continuing operations was TWD 0.77 compared to diluted earnings per share from continuing operations of TWD 0.12 a year ago.
For the nine months, sales was TWD 1,460.58 million compared to TWD 1,648.87 million a year ago. Net loss was TWD 93.46 million compared to net income of TWD 68.27 million a year ago. Basic loss per share from continuing operations was TWD 1.66 compared to basic earnings per share from continuing operations of TWD 1.21 a year ago. Diluted loss per share from continuing operations was TWD 1.66 compared to diluted earnings per share from continuing operations of TWD 1.21 a year ago.
Yao I Fabric CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and sales of line products. The Companyâs primary products include fishing lines, trimmer lines, nylon lines, industrial lines, battledore lines and tennis racket lines. The Company is also engaged in the provision of elastic bands and non-woven fabrics. The Company's finishing lines are primarily used for freshwater fishing, sea fishing, stream fishing, river fishing and rock fishing. Its industrial lines are applied in lawnmowers and fasten tapes. The Company mainly distributes its products in Asia, the Americas and Europe.