Fu Ta Material Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 14, 2022 at 03:07 am IST
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Fu Ta Material Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 47.09 million compared to TWD 27.31 million a year ago. Net loss was TWD 9.16 million compared to TWD 6.98 million a year ago. Basic loss per share from continuing operations was TWD 0.2 compared to TWD 0.15 a year ago. Diluted loss per share from continuing operations was TWD 0.2 compared to TWD 0.15 a year ago. Basic loss per share was TWD 0.2 compared to TWD 0.15 a year ago. Diluted loss per share was TWD 0.2 compared to TWD 0.15 a year ago.
Fu Ta Material Technology Co Ltd is a Taiwan-based company principally engaged in the production and distribution of nylon yarns. The Company operates its businesses through three segments. The Spun Yarn segment is engaged in the production and sales of cotton yarns, artificial cotton yarns, blended yarns and synthetic fiber yarns. The Grey Cloth segment is engaged in the production, processing and trading of cotton fabrics, artificial silk fabrics, blended grey cloth and artificial grey cloth. The Electronic Material segment is engaged in the recycling of solar energy materials, such as silicon wafers and others. The Company distributes its products within domestic market and to overseas markets.