Kuo Toong International Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:14 pm IST
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Kuo Toong International 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 927.69 million compared to TWD 1,016.88 million a year ago. Net income was TWD 85.89 million compared to TWD 291.57 million a year ago. Basic earnings per share from continuing operations was TWD 0.35 compared to TWD 1.17 a year ago. Diluted earnings per share from continuing operations was TWD 0.35 compared to TWD 1.17 a year ago.
For the six months, sales was TWD 1,691.53 million compared to TWD 1,981.67 million a year ago. Net income was TWD 257.64 million compared to TWD 301.08 million a year ago. Basic earnings per share from continuing operations was TWD 1.04 compared to TWD 1.21 a year ago. Diluted earnings per share from continuing operations was TWD 1.04 compared to TWD 1.21 a year ago.
KUO TOONG INTERNATIONAL CO., LTD. is a Taiwan-based company principally engaged in the engineering contracting business. The Company provides engineering contracting services for water transmission pipelines, waste treatment pipelines and others, as well as the manufacture and sale of prestressed concrete cylinder pipes (PCCPs), reinforced concrete pipes (RCPs), prestressed concrete non-cylinder pipes (PSCPs), jacking pipes (JCPs), ductile iron pipes (DIPs), welded steel pipes (WSPs), stainless steel pipes and steel pipe joints, among others. It also involves in sea water desalination business. The Company principally operates its business in domestic market.
KUO TOONG INTERNATIONAL CO., LTD. 
