Rexon Industrial Corp.,Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 05, 2022 at 06:41 am IST
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Rexon Industrial Corp.,Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 944.25 million compared to TWD 4,985.05 million a year ago. Net loss was TWD 88.14 million compared to net income of TWD 234.33 million a year ago. Basic loss per share from continuing operations was TWD 0.49 compared to basic earnings per share from continuing operations of TWD 1.29 a year ago. Diluted loss per share from continuing operations was TWD 0.49 compared to diluted earnings per share from continuing operations of TWD 1.29 a year ago.
For the six months, sales was TWD 2,579.09 million compared to TWD 9,023.86 million a year ago. Net loss was TWD 139.44 million compared to net income of TWD 558.79 million a year ago. Basic loss per share from continuing operations was TWD 0.77 compared to basic earnings per share from continuing operations of TWD 3.08 a year ago. Diluted loss per share from continuing operations was TWD 0.77 compared to diluted earnings per share from continuing operations of TWD 3.07 a year ago.
REXON INDUSTRIAL CORP., LTD is a Taiwan-based company principally engaged in the manufacture and trading of machine tools. The Company mainly manufactures power tools. Its power tools include metal cutters, stands, tile cutters, cement mixers, polishing machines and impact drills, among others. The Company is also engaged in the manufacture, processing and trading of fitness machines and pneumatic tools. Its fitness machines include treadmills, upright bikes and ellipticals. Its pneumatic tools include nailer kits and others. The Company mainly distributes its products to North America.