Li Ming Development Construction Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 01:23 pm EST
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Li Ming Development Construction Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 696.677 million compared to TWD 710,000 a year ago. Operating income was TWD 68.961 million compared to operating loss of TWD 8.392 million a year ago. Net income was TWD 54.971 million compared to net loss of TWD 7.155 million a year ago. Basic earnings per share was TWD 0.54 compared to basic loss per share of TWD 0.07 a year ago. For the nine months, total revenue was TWD 856.549 million compared to TWD 154.263 million a year ago. Operating income was TWD 71.979 million compared to operating loss of TWD 14.327 million a year ago. Net income was TWD 56.520 million compared to net loss of TWD 28.966 million a year ago. Basic earnings per share was TWD 0.55 compared to basic loss per share of TWD 0.28 a year ago.
L.M. Development Co., Ltd. is a Taiwan-based company principally engaged in the construction and building businesses. Its primary businesses include the development, construction, leasing and sales of properties, such as the residential and commercial buildings. The Company is also engaged in the wholesaling and retailing of construction materials and raw materials, as well as the landscape and interior design and decoration businesses. The Company is also involved in the provision of related management and labor services. The Company mainly operates its businesses in domestic markets, including Hsinchu City and others.