Hi-Lai Foods Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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Hi-Lai Foods Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 1,039.62 million compared to TWD 413.51 million a year ago. Net income was TWD 101.99 million compared to net loss of TWD 86.92 million a year ago. Basic earnings per share from continuing operations was TWD 2.42 compared to basic loss per share from continuing operations of TWD 2.34 a year ago. Diluted earnings per share from continuing operations was TWD 2.42 compared to diluted loss per share from continuing operations of TWD 2.34 a year ago.
For the nine months, sales was TWD 2,613.83 million compared to TWD 1,953.09 million a year ago. Net income was TWD 42.45 million compared to net loss of TWD 68.15 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to basic loss per share from continuing operations of TWD 1.83 a year ago. Diluted earnings per share from continuing operations was TWD 1.01 compared to diluted loss per share from continuing operations of TWD 1.83 a year ago.
Hi-Lai Foods Co Ltd is a Taiwan-based company principally engaged in restaurant business. The Company operates Chinese restaurants, western restaurants, Japanese restaurants, lounges, cafes, and pastry shops, among others. The Company mainly provides meals, drinks, baking, gift items and others. The Company mainly operates its businesses within domestic markets.