Kingcan Holdings Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 05:15 am IST
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Kingcan Holdings Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,317.81 million compared to TWD 2,518.86 million a year ago. Net income was TWD 41.5 million compared to net loss of TWD 207.79 million a year ago. Basic earnings per share from continuing operations was TWD 0.19 compared to basic loss per share from continuing operations of TWD 1.18 a year ago. Diluted earnings per share from continuing operations was TWD 0.18 compared to diluted loss per share from continuing operations of TWD 1.18 a year ago. Basic earnings per share was TWD 0.19 compared to basic loss per share of TWD 1.18 a year ago. Diluted earnings per share was TWD 0.18 compared to diluted loss per share of TWD 1.18 a year ago.
For the nine months, sales was TWD 6,111.85 million compared to TWD 6,390.05 million a year ago. Net income was TWD 17.42 million compared to net loss of TWD 362.94 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to basic loss per share from continuing operations of TWD 2.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.08 compared to diluted loss per share from continuing operations of TWD 2.07 a year ago. Basic earnings per share was TWD 0.08 compared to basic loss per share of TWD 2.07 a year ago. Diluted earnings per share was TWD 0.08 compared to diluted loss per share of TWD 2.07 a year ago.
Kingcan Holdings Limited is a Cayman Islands-based tinplate can maker in China. The Company provides approximately 50 types of tinplate cans, which include beverage, process food and industrial used cans with daily production capacity of over 10 million cans and an annual capacity of approximately three billion cans. The Company owns approximately 20 fully-automatic production line, which includes various production processes, such as cutting, coating, printing, sheet cutting, welding, side seaming, drying, necking, flanging, can end sealing and vacuum-testing; imported six-color printing, high frequency welding machines, and high-speed canning line from Switzerland, the United Kingdom and Germany. The Company owns over four factories, which include Fuijan Fuzhen Metal Packaging Co., Ltd., Shandong Kingcan Metal Packaging Co., Ltd., Guangdong Kingcan Metal Packaging Co., Ltd. and Hubei Kingcan Metal Packaging Co., Ltd.