Kuen Ling Machinery Refrigerating Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 06:53 pm EDT
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Kuen Ling Machinery Refrigerating 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 687.69 million compared to TWD 650.71 million a year ago. Net income was TWD 47.36 million compared to TWD 33.65 million a year ago. Basic earnings per share from continuing operations was TWD 0.62 compared to TWD 0.44 a year ago. Diluted earnings per share from continuing operations was TWD 0.62 compared to TWD 0.44 a year ago.
For the six months, sales was TWD 1,337.47 million compared to TWD 1,201.23 million a year ago. Net income was TWD 79.12 million compared to TWD 52.28 million a year ago. Basic earnings per share from continuing operations was TWD 1.04 compared to TWD 0.69 a year ago. Diluted earnings per share from continuing operations was TWD 1.03 compared to TWD 0.68 a year ago.
Kuen Ling Refrigerating Machinery Co Ltd is a Taiwan-based company mainly engaged in the production of chillers and condensing units. The main products include centrifugal chillers, full-liquid chillers, dry chillers, water-cooled brine machines, direct current variable frequency centrifugal chillers, water source heat pumps, air-cooled chillers and heat pumps, hot and cold water machines, air source water heaters. The products are mainly sold to original design manufacturing (ODM) and original equipment manufacturer (OEM) customers and refrigeration and air conditioning engineering companies. The Company is also engaged in the planning, design and construction of refrigeration and refrigeration systems, monitoring systems, planning, design and construction of ice storage systems, computer room air conditioning, chiller equipment maintenance services, and engineering project management. The products are mainly sold in Taiwan, mainland China, Vietnam, and other Southeast Asian regions.