Nankang Rubber Tire Corp.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Nankang Rubber Tire Corp.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 2,165.82 million compared to TWD 2,952.5 million a year ago. Net loss was TWD 149.17 million compared to net income of TWD 225.34 million a year ago. Basic loss per share from continuing operations was TWD 0.18 compared to basic earnings per share from continuing operations of TWD 0.28 a year ago. Diluted loss per share from continuing operations was TWD 0.18 compared to diluted earnings per share from continuing operations of TWD 0.28 a year ago.
For the nine months, sales was TWD 6,294.24 million compared to TWD 7,113.66 million a year ago. Net income was TWD 294.6 million compared to TWD 671.22 million a year ago. Basic earnings per share from continuing operations was TWD 0.35 compared to TWD 0.84 a year ago. Diluted earnings per share from continuing operations was TWD 0.35 compared to TWD 0.84 a year ago.
Nankang Rubber Tire Corp., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of tires. The products of the Company include automotive tires, motorcycle tires and truck tires. Its automotive tires include snowfield-use vehicle tires, sedan tires, half hot melting tires and recreational vehicle (RV) tires, among others. Its motorcycle tires include heavy motorcycle tires and general motorcycle tires. The Company operates businesses in Taiwan market, America market, Europe market and Asia market, among others.