PT Golden Flower, Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
June 28, 2022
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PT Golden Flower, Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was IDR 30,354.64 million compared to IDR 19,657.94 million a year ago. Net income was IDR 1,806.44 million compared to net loss of IDR 50.11 million a year ago. Basic earnings per share from continuing operations was IDR 2 compared to basic loss per share from continuing operations of IDR 0.07 a year ago. Diluted earnings per share from continuing operations was IDR 2 compared to diluted loss per share from continuing operations of IDR 0.07 a year ago.
PT Golden Flower Tbk is an Indonesia-based integrated apparel manufacturing company. The Company is a garment manufacturers and exporters in Indonesia. The Company manufactures light to medium weight woven apparels, including ladies blouse, menâs shirt, non-iron shirt, casual shirt, skirt, dresses, night wear, uniform and other. It offers a range of professional garment services, such as research and development (R&D), designing, cutting, sewing, washing, ironing, finishing, smoking, faggotting, and pleatings, which are available as per demand. The Company owns approximately eight production facilities. The Company's clients include Marks & Spencer, Costco Wholesale, Karl Lagerfeld, Ann Taylor and Calvin Klein among others.