Hong Yi Fiber Ind. Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 04:14 am EDT
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Hong Yi Fiber Ind. 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 279.27 million compared to TWD 510.26 million a year ago. Net income was TWD 5 million compared to TWD 42.35 million a year ago. Basic earnings per share from continuing operations was TWD 0.04 compared to TWD 0.32 a year ago. Diluted earnings per share from continuing operations was TWD 0.04 compared to TWD 0.32 a year ago.
For the six months, sales was TWD 539.13 million compared to TWD 1,025.45 million a year ago. Net loss was TWD 6.83 million compared to net income of TWD 93.54 million a year ago. Basic loss per share from continuing operations was TWD 0.05 compared to basic earnings per share from continuing operations of TWD 0.71 a year ago. Diluted loss per share from continuing operations was TWD 0.05 compared to diluted earnings per share from continuing operations of TWD 0.7 a year ago.
HONG YI FIBER IND. CO., LTD. is a Taiwan-based company principally engaged in the manufacture and marketing of textured polyester yarns. The products of the Company include ultra-fine finished fiber yarns, full-dull yarns, colorful three tone yarns, environmental friendly finished yarns and yarns for layered cloth. The Companyâs products are applied in the manufacture of overcoats, pants, casual wear, home decoration fabrics and industrial fabrics, among others. The Company operates businesses in domestic market, Asia, Europe and Americas, among others.