Est Global Apparel Co.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Est Global Apparel 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 195.74 million compared to TWD 132.63 million a year ago. Net income was TWD 23.6 million compared to net loss of TWD 1.6 million a year ago. Basic earnings per share from continuing operations was TWD 0.76 compared to basic loss per share from continuing operations of TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.76 compared to diluted loss per share from continuing operations of TWD 0.05 a year ago.
For the six months, sales was TWD 401.95 million compared to TWD 317.06 million a year ago. Net income was TWD 39.68 million compared to TWD 8.81 million a year ago. Basic earnings per share from continuing operations was TWD 1.27 compared to TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 1.27 compared to TWD 0.28 a year ago.
EST GLOBAL APPAREL CO.,LTD, formerly Free Power Energy Co., Ltd. is a Taiwan-based company mainly engaged in manufacture and distribution of textile products. The Company is involved in the manufacture and sale of long fibers and electric bicycles, and the development and trading of real estate lands. Its long fiber products are applied in the manufacture of curtains, sofa fabrics, garments, shoes, bags, cases and industrial fabrics, among others.