Rich Development Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022
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Rich Development Co., 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 1,657.14 million compared to TWD 1,092.72 million a year ago. Net income was TWD 92.59 million compared to net loss of TWD 51.76 million a year ago. Basic earnings per share from continuing operations was TWD 0.13 compared to basic loss per share from continuing operations of TWD 0.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.13 compared to diluted loss per share from continuing operations of TWD 0.07 a year ago.
For the six months, sales was TWD 3,071.85 million compared to TWD 2,534.61 million a year ago. Net income was TWD 134.97 million compared to net loss of TWD 32.62 million a year ago. Basic earnings per share from continuing operations was TWD 0.18 compared to basic loss per share from continuing operations of TWD 0.04 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 0.05 a year ago.
Rich Development Construction Co Ltd is a Taiwan-based company primarily engaged in construction, development, leasing and distribution of residential and commercial buildings. The Company's main businesses consist of the development of buildings, which includes residential properties, commercial offices, shops and parking lots, as well as apartments, including housings, shops and parking lots. The Company is also involved in provision of commercial office leasing services, the construction of environment protection projects, the operation of hotels and restaurants and other.