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RunLong Construction Returns to Profit with Q3 EPS of 3.17 NTD Driven by Project Completions
Finance · Real Estate Development · economic_daily · 2026-11-09
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RunLong Construction reported a return to profitability for the first nine months of the year, with EPS reaching 3.17 NTD as major housing projects hit completion milestones.
What Happened
Financial Performance: RunLong Construction announced its latest financial results on the 9th, reporting a third-quarter net profit of 496 million NTD, marking a turnaround from last year's losses. The cumulative net profit for the first three quarters reached 2.742 billion NTD, resulting in an EPS of 3.17 NTD.
Delivery Momentum: The company has entered a peak period for project completions and handovers this year, having already recognized revenue from major projects like 'Shi Zheng Ai Yue' and 'VVS1' in the first half. In the second half, the company expects to complete handovers for the 'RunLong Platinum' in Tainan and 'Windsor Castle' in Taoyuan, both of which have achieved over 90% in pre-sales.
Completed Inventory: Beyond pre-sold projects, the 'Xinyi Fujing' project in Taipei's Wenshan District, with a total sales value of 10.8 billion NTD, continues to contribute to earnings. The company recognizes revenue from this project on a per-unit basis as sales are finalized, ensuring steady cash flow throughout the year.
Future Outlook: Regarding new project launches, RunLong plans to introduce the 'Contemporary Residence' in Taichung's Shuinan area in the second half of the year. Depending on regulatory approval timelines, the company also aims to launch projects in Keelung and Kaohsiung, bringing the total annual launch volume to approximately 31.95 billion NTD.