Ruentex Development Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Ruentex Development 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 7,034.2 million compared to TWD 7,646.57 million a year ago. Net income was TWD 4,600.68 million compared to TWD 5,853.81 million a year ago. Basic earnings per share from continuing operations was TWD 1.6889 compared to TWD 2.1333 a year ago. Diluted earnings per share from continuing operations was TWD 1.6889 compared to TWD 2.1333 a year ago.
For the six months, sales was TWD 13,331.79 million compared to TWD 13,936.76 million a year ago. Net income was TWD 4,909.29 million compared to TWD 9,734.24 million a year ago. Basic earnings per share from continuing operations was TWD 1.8 compared to TWD 3.5444 a year ago. Diluted earnings per share from continuing operations was TWD 1.8 compared to TWD 3.5444 a year ago.
Ruentex Development Co Ltd is a Taiwan-based company mainly engaged in the construction business. The Company operates through five business segments. The Construction segment is engaged in the land development business, as well as the investment and construction of residential buildings, villas, office buildings and commercial buildings. The Commercial Real Estate segment is engaged in the leasing of commercial real estate. The Construction Materials segment is engaged in the trading of construction materials such as cement and others. The Volume Sales segment is engaged in the operation of department stores, the logistics business, as well as the retail of various groceries, clothing, electrical appliances, fresh products and others. The Company is also engaged in the operation of Other segment. The Company mainly operates in the Taiwan market.