Ocean Plastics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 06:50 pm EDT
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Ocean Plastics Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1,952.03 million compared to TWD 1,653.09 million a year ago. Revenue was TWD 1,950.19 million compared to TWD 1,651.08 million a year ago. Net income was TWD 3.57 million compared to net loss of TWD 57.63 million a year ago. Basic earnings per share from continuing operations was TWD 0.02 compared to basic loss per share from continuing operations of TWD 0.26 a year ago. Diluted earnings per share from continuing operations was TWD 0.02 compared to diluted loss per share from continuing operations of TWD 0.26 a year ago.
For the six months, sales was TWD 3,727.53 million compared to TWD 3,189.96 million a year ago. Revenue was TWD 3,722.7 million compared to TWD 3,185.81 million a year ago. Net loss was TWD 10.91 million compared to net income of TWD 192.33 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 0.87 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 0.87 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.