Hong Yi Fiber Ind. Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 06:08 am EDT
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Hong Yi Fiber Ind. 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 403.41 million compared to TWD 500.84 million a year ago. Net income was TWD 44.24 million compared to TWD 48.64 million a year ago. Basic earnings per share from continuing operations was TWD 0.33 compared to TWD 0.37 a year ago. Diluted earnings per share from continuing operations was TWD 0.33 compared to TWD 0.37 a year ago.
For the nine months, sales was TWD 1,428.86 million compared to TWD 1,505.09 million a year ago. Net income was TWD 137.77 million compared to TWD 291.73 million a year ago. Basic earnings per share from continuing operations was TWD 1.04 compared to TWD 2.2 a year ago. Diluted earnings per share from continuing operations was TWD 1.04 compared to TWD 2.19 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.