U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 11:52 pm IST
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U-Best Innovative Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 251.47 million compared to TWD 79.24 million a year ago. Net income was TWD 35.7 million compared to net loss of TWD 0.165 million a year ago. Basic earnings per share from continuing operations was TWD 0.261. Diluted earnings per share from continuing operations was TWD 0.2513. Basic earnings per share was TWD 0.261. Diluted earnings per share was TWD 0.2513.
For the nine months, sales was TWD 514.19 million compared to TWD 262.92 million a year ago. Net income was TWD 35.63 million compared to TWD 57.15 million a year ago. Basic earnings per share from continuing operations was TWD 0.2803 compared to basic loss per share from continuing operations of TWD 0.087 a year ago. Diluted earnings per share from continuing operations was TWD 0.261 compared to diluted loss per share from continuing operations of TWD 0.087 a year ago. Basic earnings per share was TWD 0.2803 compared to TWD 0.4833 a year ago. Diluted earnings per share was TWD 0.261 compared to TWD 0.4833 a year ago.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD., formerly U-Best Polymer Industry Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of macromolecule chemical raw materials. The Company is primarily engaged in the production of polyurethane (PU) resins, PU adhesives, nylon resins and polyester polyol. The products are mainly used in the manufacture of PU synthetic leather and artificial leather for footwear, purses and garments, the molding of nylon, the bonding of various fibers, as well as the manufacture of waterproof nylon fabrics for raincoats, suitcases and tents. The Company distributes its products within the domestic market and to overseas markets.