Cheng Fwa Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 03:03 pm EST
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Cheng Fwa Industrial 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 577.39 million compared to TWD 454.62 million a year ago. Revenue was TWD 576.96 million compared to TWD 454.36 million a year ago. Net income was TWD 69.93 million compared to net loss of TWD 6.36 million a year ago. Basic earnings per share from continuing operations was TWD 0.49 compared to basic loss per share from continuing operations of TWD 0.04 a year ago. Diluted earnings per share from continuing operations was TWD 0.48 compared to diluted loss per share from continuing operations of TWD 0.04 a year ago.
For the nine months, sales was TWD 1,532.09 million compared to TWD 1,239.09 million a year ago. Revenue was TWD 1,531.48 million compared to TWD 1,238.22 million a year ago. Net income was TWD 154.63 million compared to net loss of TWD 41.82 million a year ago. Basic earnings per share from continuing operations was TWD 1.08 compared to basic loss per share from continuing operations of TWD 0.29 a year ago. Diluted earnings per share from continuing operations was TWD 1.07 compared to diluted loss per share from continuing operations of TWD 0.29 a year ago.
Cheng Fwa Industrial Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and sales of video decoder casings and related components. The Company is also engaged in the manufacture and sales of computer casings and related components, precision stampings and electronic components. The Company mainly conducts its business in American, Asian and Taiwan markets.