Kingcan Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 29, 2022
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Kingcan Holdings Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 2,030.91 million compared to TWD 1,781.18 million a year ago. Net loss was TWD 142.7 million compared to net income of TWD 66.18 million a year ago. Basic loss per share from continuing operations was TWD 0.81 compared to basic earnings per share from continuing operations of TWD 0.38 a year ago. Diluted loss per share from continuing operations was TWD 0.81 compared to diluted earnings per share from continuing operations of TWD 0.38 a year ago. Basic loss per share was TWD 0.81 compared to basic earnings per share of TWD 0.38 a year ago. Diluted loss per share was TWD 0.81 compared to diluted earnings per share of TWD 0.38 a year ago.
For the six months, sales was TWD 3,871.19 million compared to TWD 3,432.38 million a year ago. Net loss was TWD 155.14 million compared to net income of TWD 53.58 million a year ago. Basic loss per share from continuing operations was TWD 0.88 compared to basic earnings per share from continuing operations of TWD 0.31 a year ago. Diluted loss per share from continuing operations was TWD 0.88 compared to diluted earnings per share from continuing operations of TWD 0.31 a year ago. Basic loss per share was TWD 0.88 compared to basic earnings per share of TWD 0.31 a year ago. Diluted loss per share was TWD 0.88 compared to diluted earnings per share of TWD 0.31 a year ago.
Kingcan Holdings Limited is a Cayman Islands-based tinplate can maker in China. The Company provides approximately 50 types of tinplate cans, which include beverage, process food and industrial used cans with daily production capacity of over 10 million cans and an annual capacity of approximately three billion cans. The Company owns approximately 20 fully-automatic production line, which includes various production processes, such as cutting, coating, printing, sheet cutting, welding, side seaming, drying, necking, flanging, can end sealing and vacuum-testing; imported six-color printing, high frequency welding machines, and high-speed canning line from Switzerland, the United Kingdom and Germany. The Company owns over four factories, which include Fuijan Fuzhen Metal Packaging Co., Ltd., Shandong Kingcan Metal Packaging Co., Ltd., Guangdong Kingcan Metal Packaging Co., Ltd. and Hubei Kingcan Metal Packaging Co., Ltd.