Chia Ta World Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 01:57 am IST
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Chia Ta World Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 202.1 million compared to TWD 215.27 million a year ago. Revenue was TWD 202.09 million compared to TWD 215.19 million a year ago. Net loss was TWD 1.17 million compared to net income of TWD 3.04 million a year ago. Basic loss per share from continuing operations was TWD 0.01 compared to basic earnings per share from continuing operations of TWD 0.03 a year ago. Diluted loss per share from continuing operations was TWD 0.01 compared to diluted earnings per share from continuing operations of TWD 0.03 a year ago.
For the six months, sales was TWD 439.42 million compared to TWD 410.89 million a year ago. Revenue was TWD 439.37 million compared to TWD 410.76 million a year ago. Net loss was TWD 0.226 million compared to net income of TWD 5.94 million a year ago.
Chia Ta World Co., Ltd is a Taiwan-based company principally engaged in the manufacturing, processing and distribution of steel wires and cables. The Company's product portfolio consists of general steel wires, galvanized steel wires, pre-stressed concrete steel wires and strands, pre-stressed concrete steel bars, as well as galvanized and ungalvanized steel wire strands. Its wire and cable products are applied in power cables, telecommunication overhead lines, packaging wires, steel cables, spring beds, shops equipment, bridges, ships, utility poles and others. The Company distributes its products in Taiwan, the rest of Asia, the Americas and other markets.