Argus Textile Chemicals Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2022
October 28, 2022 at 01:05 pm IST
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Argus (Shanghai) Textile Chemicals Co.,Ltd. reported earnings results for the nine months ended September 30, 2022. For the nine months, the company reported sales was CNY 625.45 million compared to CNY 696.19 million a year ago. Revenue was CNY 625.45 million compared to CNY 696.19 million a year ago.
Net income was CNY 58.69 million compared to CNY 61 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.32 a year ago. Diluted earnings per share from continuing operations was CNY 0.31 compared to CNY 0.32 a year ago.
Argus Shanghai Textile Chemicals Co Ltd is a China-based company mainly engaged in the research, development, production and sales of dyes and textile auxiliaries. The Company mainly provides dyeing and finishing overall solutions with diversified products, dyeing and finishing and color digital application technology services for printing and dyeing companies and clothing fabric companies. The Company's products include dye products and textile auxiliaries. The dye products mainly include reactive dyes for cellulose, reactive dyes and acid dyes for wool, acid dyes for nylon, disperse dyes for polyester, among others. The textile auxiliary products include pre-treatment, dyeing, printing auxiliaries, functional finishing agents, silicone and wool spinning auxiliaries. The Company's products are used in the dyeing, printing and functional finishing of cellulose fibers, protein fibers, polyamide fibers and polyester fibers.