China Wire & Cable Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 01:10 pm IST
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China Wire & Cable 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 713.47 million compared to TWD 408.87 million a year ago. Revenue was TWD 785.22 million compared to TWD 463.15 million a year ago. Net income was TWD 57.11 million compared to TWD 49.95 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to TWD 0.31 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to TWD 0.31 a year ago.
For the six months, sales was TWD 1,368.82 million compared to TWD 1,081.63 million a year ago. Revenue was TWD 1,491.86 million compared to TWD 1,201.57 million a year ago. Net income was TWD 101.92 million compared to TWD 127.29 million a year ago. Basic earnings per share from continuing operations was TWD 0.64 compared to TWD 0.8 a year ago. Diluted earnings per share from continuing operations was TWD 0.64 compared to TWD 0.8 a year ago.
CHINA WIRE & CABLE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of wires and cables, aluminum doors and windows and aluminum curtain walls. Its wires and cables include overhead transmission and distribution heat resisting aluminum wires, industrial aluminum wires and insulated cables and wires, among others. Its aluminum doors and windows include sound insulation doors and windows and sliding doors of SCHUCO series and TOSTEM series. Its curtain walls include glass series, stone series, aluminum series and others. The Company operates through two segments. The Cable and Wire segment manufactures and sells cables and wires. Door and Window segment manufactures, processes, sells and installs aluminum doors and windows and aluminum products. The Company mainly operates businesses in domestic market.