Tainan Spinning Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:49 pm EST
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Tainan Spinning Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 4,534.91 million compared to TWD 5,106.99 million a year ago. Net loss was TWD 73.83 million compared to net income of TWD 296.28 million a year ago. Basic loss per share from continuing operations was TWD 0.04 compared to basic earnings per share from continuing operations of TWD 0.18 a year ago. Diluted loss per share from continuing operations was TWD 0.04 compared to diluted earnings per share from continuing operations of TWD 0.18 a year ago.
For the nine months, sales was TWD 15,017.5 million compared to TWD 16,497.24 million a year ago. Net loss was TWD 620.69 million compared to net income of TWD 1,472.93 million a year ago. Basic loss per share from continuing operations was TWD 0.37 compared to basic earnings per share from continuing operations of TWD 0.89 a year ago. Diluted loss per share from continuing operations was TWD 0.37 compared to diluted earnings per share from continuing operations of TWD 0.89 a year ago.
Tainan Spinning Co., Ltd is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. The products of the Company include cotton yarn, polyester cotton, polyester granules, ester granules for bottles, polyester filaments, finished polyester filaments and others. The Company mainly operates through two segments, including Tainan Spinning segment and Tainan Spinning Vietnam segment. The Company operates businesses in China, Vietnam, Korea, Japan, South Africa and Americas, among others.
TAINAN SPINNING CO., LTD. 
