Cathay Consolidated, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 02:43 pm IST
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Cathay Consolidated, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 607.42 million compared to TWD 619.27 million a year ago. Net income was TWD 141.2 million compared to TWD 125.77 million a year ago. Basic earnings per share from continuing operations was TWD 2.01 compared to TWD 1.85 a year ago. Diluted earnings per share from continuing operations was TWD 1.97 compared to TWD 1.83 a year ago.
For the six months, sales was TWD 1,244.84 million compared to TWD 1,235.38 million a year ago. Net income was TWD 245.04 million compared to TWD 229.04 million a year ago. Basic earnings per share from continuing operations was TWD 3.5 compared to TWD 3.38 a year ago. Diluted earnings per share from continuing operations was TWD 3.43 compared to TWD 3.34 a year ago.
CATHAY CONSOLIDATED INC. is engaged in the development and production of environmentally friendly materials TPU functional fabrics and finished products. The Company is mainly engaged in the leather fabric business and the finished component business. The leather fabric business is mainly engaged in the production of high-tech polyurethane including functional leather fabrics and film defects according to the physical properties and chemical properties of TPU. Its products can also be applied to the four products: outdoor, medical, life-saving and industrial. The products include sleeping bags, medical grade inflatable beds, aviation escape slides, automotive airbags, among others. The finished component business is engaged in the production of inflatable products for various industries, and provision of full services and solutions for customers in the hospitality, outdoor and other finished components. The Company distributes its products in Taiwan, the Americas and Asia.
CATHAY CONSOLIDATED, INC. 
