Jinan Acetate Chemical Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 08:23 am IST
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Jinan Acetate Chemical Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 639.31 million compared to TWD 620.65 million a year ago. Net income was TWD 105.5 million compared to TWD 81.13 million a year ago. Basic earnings per share from continuing operations was TWD 1.84 compared to TWD 1.41 a year ago. Diluted earnings per share from continuing operations was TWD 1.41 compared to TWD 1.41 a year ago.
For the nine months, sales was TWD 1,945.48 million compared to TWD 1,688.68 million a year ago. Net income was TWD 296.47 million compared to TWD 305.33 million a year ago. Basic earnings per share from continuing operations was TWD 5.16 compared to TWD 5.29 a year ago. Diluted earnings per share from continuing operations was TWD 4.24 compared to TWD 5.02 a year ago.
Jinan Acetate Chemical Co., LTD. is an acetate tow manufacturer. The Company and its subsidiaries are principally engaged in research and development, manufacturing and sale of acetate tow. The Company's main product is cellulose acetate tow, which is applied in filters, reverse osmosis films, hollow fibers, acetate fibers for textile, and other fileds.