Ocean Plastics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022
Share
Ocean Plastics Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1,775.5 million compared to TWD 1,536.87 million a year ago. Revenue was TWD 1,772.51 million compared to TWD 1,534.73 million a year ago. Net loss was TWD 14.48 million compared to net income of TWD 249.96 million a year ago. Basic loss per share from continuing operations was TWD 0.07 compared to basic earnings per share from continuing operations of TWD 1.13 a year ago. Diluted loss per share from continuing operations was TWD 0.07 compared to diluted earnings per share from continuing operations of TWD 1.13 a year ago.
OCEAN PLASTICS CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of plastic materials and products. The Company primarily provides plastic cloths, plastic leather products, synthetic leather products, plastic construction materials and plastic raw materials. The Companyâs products are primarily applied in the manufacture of file folders, stationery related products, balls, shoes, purses, handbags, furniture, sports equipment, tubes, as well as electrical insulating materials, among others. The Company distributes its products in Taiwan, Mainland China, Hong Kong, India and the United States, among others.