Yung Chi Paint & Varnish Mfg.Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 05:15 am EDT
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Yung Chi Paint & Varnish Mfg.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 2,099.07 million compared to TWD 2,151.62 million a year ago. Revenue was TWD 2,173.92 million compared to TWD 2,287.72 million a year ago. Net income was TWD 189.69 million compared to TWD 205.23 million a year ago. Basic earnings per share from continuing operations was TWD 1.17 compared to TWD 1.27 a year ago. Diluted earnings per share from continuing operations was TWD 1.17 compared to TWD 1.27 a year ago.
For the six months, sales was TWD 4,415.56 million compared to TWD 4,452.05 million a year ago. Revenue was TWD 4,637.19 million compared to TWD 4,748.52 million a year ago. Net income was TWD 400.4 million compared to TWD 423.36 million a year ago. Basic earnings per share from continuing operations was TWD 2.47 compared to TWD 2.61 a year ago. Diluted earnings per share from continuing operations was TWD 2.47 compared to TWD 2.61 a year ago.
YUNG CHI PAINT & VARNISH MFG. CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of paint products. The Company provides paint, including construction paint, anti-corrosion paint, ship paint, special purpose paint, can paint, steel roll paint, nuclear power paint and others, as well as fire-proof construction materials, including coatings and mixed fire-proof materials. The Company is also involved in undertaking of painting projects. The Company distributes its products in domestic market and to overseas markets.