Xin Chio Global Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:05 am EDT
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Xin Chio Global 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 344.4 million compared to TWD 438.51 million a year ago. Net income was TWD 25.89 million compared to TWD 22.78 million a year ago. Basic earnings per share from continuing operations was TWD 0.42 compared to TWD 0.37 a year ago. Diluted earnings per share from continuing operations was TWD 0.34 compared to TWD 0.3 a year ago.
For the six months, sales was TWD 692.07 million compared to TWD 871.97 million a year ago. Net income was TWD 52.57 million compared to TWD 36.92 million a year ago. Basic earnings per share from continuing operations was TWD 0.85 compared to TWD 0.6 a year ago. Diluted earnings per share from continuing operations was TWD 0.69 compared to TWD 0.49 a year ago.
Xin Chio Global Co., Ltd. is a Taiwan-based company principally engaged in the trading of packaging materials. The Companyâs main products consist of tapes, buffer packaging materials, plastic bags, electronic packaging materials, packaging machines, paper packaging products, packing belts, plastic films and others. In addition, the Company provides cloud computing application software consulting and installation services. The Company mainly distributes its products in Taiwan, as well as Europe, the Americas, Australia and Asia-Pacific region.