Hsin Sin Textile Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 06:18 pm EDT
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Hsin Sin Textile Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 90.17 million compared to TWD 150.15 million a year ago. Revenue was TWD 90.17 million compared to TWD 150.15 million a year ago. Net income was TWD 13.93 million compared to TWD 12.37 million a year ago. Basic earnings per share from continuing operations was TWD 0.27 compared to TWD 0.24 a year ago.
For the six months, sales was TWD 198.84 million compared to TWD 280.7 million a year ago. Revenue was TWD 198.8 million compared to TWD 280.32 million a year ago. Net income was TWD 4.15 million compared to TWD 19.8 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to TWD 0.38 a year ago.
HSIN SIN TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of processed Tedoron yarns. The Company's principal business includes the manufacturing, twisting, weaving and dyeing of natural fibers, synthetic fibers, chemical fibers, wool fibers and other materials, as well as the garment production business. The company's products are mainly sold to Taiwan and overseas markets.