Tong Ming Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 30, 2023 at 07:20 pm EDT
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Tong Ming Enterprise 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 3,633.23 million compared to TWD 4,025.56 million a year ago. Revenue was TWD 3,633.23 million compared to TWD 4,025.56 million a year ago. Net income was TWD 72.67 million compared to TWD 442.15 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to TWD 2.2 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to TWD 2.2 a year ago. Basic earnings per share was TWD 0.36 compared to TWD 2.2 a year ago. Diluted earnings per share was TWD 0.36 compared to TWD 2.2 a year ago.
For the six months, sales was TWD 7,057.66 million compared to TWD 7,799.38 million a year ago. Revenue was TWD 7,057.66 million compared to TWD 7,799.38 million a year ago. Net income was TWD 93.5 million compared to TWD 737.32 million a year ago. Basic earnings per share from continuing operations was TWD 0.46 compared to TWD 3.66 a year ago. Diluted earnings per share from continuing operations was TWD 0.46 compared to TWD 3.66 a year ago. Basic earnings per share was TWD 0.46 compared to TWD 3.66 a year ago. Diluted earnings per share was TWD 0.46 compared to TWD 3.66 a year ago.
Tong Ming Enterprise Co., Ltd. is engaged in manufacturing stainless steel fasteners with production bases in Malaysia, Thailand and China. The Companyâs products include stainless steel fasteners and stainless-steel wire. The Companyâs stainless steel fastener products include nonstandard products, threaded rods & studs, washers/rings, mushroom head square neck bolts, machine screws, self-tapping screws, nuts, hexagon socket cap screws and hexagon head bolts. The stainless-steel wire includes netting, cable, nails, and cold heading products. It also provides washers/rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts and rivets. The Company has approximately 45,000 annual production capacity.