Hotai Finance Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022
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Hotai Finance Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was TWD 918.84 million compared to TWD 693.03 million a year ago. Basic earnings per share from continuing operations was TWD 1.6182 compared to TWD 1.2273 a year ago. Diluted earnings per share from continuing operations was TWD 1.6182 compared to TWD 1.2273 a year ago.
For the six months, net income was TWD 1,787.17 million compared to TWD 1,477.19 million a year ago. Basic earnings per share from continuing operations was TWD 3.1545 compared to TWD 2.6091 a year ago. Diluted earnings per share from continuing operations was TWD 3.1545 compared to TWD 2.6091 a year ago.
Hotai Finance Co Ltd is a Taiwan-based company mainly engaged in the installment sales and leasing business for various vehicles and equipment. Installment business mainly deals with vehicles. The main products and services are provided in Taiwan and mainland China markets. Installment for vehicles business is engaged in the provision of the instalment plans for the public to purchase new and used cars. Leasing business is engaged in the provision of leasing services for various types of equipment, semi-finished products or raw materials in the form of leasing.