Yung Chi Paint & Varnish Mfg.Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 01:53 am EST
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Yung Chi Paint & Varnish Mfg.Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 2,344.27 million compared to TWD 2,177.8 million a year ago. Revenue was TWD 2,344.27 million compared to TWD 2,177.8 million a year ago. Net income was TWD 172.81 million compared to TWD 219.69 million a year ago. Basic earnings per share from continuing operations was TWD 1.07 compared to TWD 1.36 a year ago. Diluted earnings per share from continuing operations was TWD 1.07 compared to TWD 1.35 a year ago.
For the nine months, sales was TWD 7,092.79 million compared to TWD 6,442.53 million a year ago. Revenue was TWD 7,092.79 million compared to TWD 6,442.53 million a year ago. Net income was TWD 596.17 million compared to TWD 709.2 million a year ago. Basic earnings per share from continuing operations was TWD 3.68 compared to TWD 4.38 a year ago. Diluted earnings per share from continuing operations was TWD 3.67 compared to TWD 4.37 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.