Kaulin Mfg. Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:17 pm IST
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Kaulin Mfg. Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 408.06 million compared to TWD 531.44 million a year ago. Net loss was TWD 17.18 million compared to net income of TWD 79.54 million a year ago. Basic loss per share from continuing operations was TWD 0.07 compared to basic earnings per share from continuing operations of TWD 0.39 a year ago. Diluted loss per share from continuing operations was TWD 0.07 compared to diluted earnings per share from continuing operations of TWD 0.39 a year ago. Basic loss per share was TWD 0.09 compared to basic earnings per share of TWD 0.43 a year ago. Diluted loss per share was TWD 0.09 compared to diluted earnings per share of TWD 0.43 a year ago.
For the six months, sales was TWD 741.3 million compared to TWD 1,175.55 million a year ago. Net loss was TWD 42.55 million compared to net income of TWD 140.68 million a year ago. Basic loss per share from continuing operations was TWD 0.19 compared to basic earnings per share from continuing operations of TWD 0.67 a year ago. Diluted loss per share from continuing operations was TWD 0.19 compared to diluted earnings per share from continuing operations of TWD 0.67 a year ago. Basic loss per share was TWD 0.23 compared to basic earnings per share of TWD 0.77 a year ago. Diluted loss per share was TWD 0.23 compared to diluted earnings per share of TWD 0.77 a year ago.
KAULIN MFG CO., LTD. is a Taiwan-based company principally engaged in the processing, manufacturing, assembly and sales of sewing machines and related spare parts. The Company's principal products include the overlock machines, needles interlock machines, portable overcasting stitches machines and other multi-needle overcasting stitches machines. The Company mainly distributes its products in Taiwan and overseas markets.