Lih Tai Construction Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022
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Lih Tai Construction Enterprise Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 766.05 million compared to TWD 561.11 million a year ago. Revenue was TWD 821.46 million compared to TWD 609.27 million a year ago. Net income was TWD 99.45 million compared to TWD 79.22 million a year ago. Basic earnings per share from continuing operations was TWD 1.64 compared to TWD 1.31 a year ago. Diluted earnings per share from continuing operations was TWD 1.64 compared to TWD 1.31 a year ago.
Lihtai Construction Enterprise Co Ltd is a Taiwan-based company principally engaged in the production and sales of ready-mixed concrete. Ready-mixed concrete is a cement product processing industry, which is made of more than four to five main raw materials of different properties, such as cement, water, coarse and fine aggregates, and selected admixtures (blast furnace stone powder, fly ash, silica fume, chemical admixtures). After precise proportion design, it is mixed by automatic metering and then transported to the construction site by a ready-mix truck.