Hotai Finance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 02:27 pm IST
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Hotai Finance Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was TWD 1,005.25 million compared to TWD 909.25 million a year ago. Basic earnings per share from continuing operations was TWD 1.77 compared to TWD 1.61 a year ago. Diluted earnings per share from continuing operations was TWD 1.77 compared to TWD 1.6 a year ago.
For the nine months, net income was TWD 2,791.28 million compared to TWD 2,696.42 million a year ago. Basic earnings per share from continuing operations was TWD 4.82 compared to TWD 4.76 a year ago. Diluted earnings per share from continuing operations was TWD 4.82 compared to TWD 4.76 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.