Everest Textile Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Everest Textile Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,606.6 million compared to TWD 2,307.7 million a year ago. Net loss was TWD 123.49 million compared to net income of TWD 41.05 million a year ago. Basic loss per share from continuing operations was TWD 0.18 compared to basic earnings per share from continuing operations of TWD 0.06 a year ago. Diluted loss per share from continuing operations was TWD 0.18 compared to diluted earnings per share from continuing operations of TWD 0.06 a year ago.
For the six months, sales was TWD 3,533.42 million compared to TWD 4,941.93 million a year ago. Net loss was TWD 117.99 million compared to TWD 332.65 million a year ago. Basic loss per share from continuing operations was TWD 0.17 compared to TWD 0.49 a year ago. Diluted loss per share from continuing operations was TWD 0.17 compared to TWD 0.49 a year ago.
EVEREST TEXTILE CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing, dyeing and distribution of textile products. The Company provides finished fabrics and processing yarns, including polyester textured yarns, suede fabrics, lycra elastic woven materials, ultra-thin fiber fabrics, functional high density fabrics, pre-dyed fabrics, waterproof fabrics, quick-drying fabrics, smart fabrics, ultra-light fabrics and others. The Company distributes its products mainly to overseas markets, including Europe, the Americas, Japan, South Korea, Hong Kong, the Middle East, Southeast Asia, Australia and others.