Cheng Shin Rubber Ind. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 10:20 am
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Cheng Shin Rubber Ind. Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 19,550.044 million compared to TWD 26,800.257 million a year ago. Operating income was TWD 99.866 million compared to TWD 1,665.895 million a year ago. Net loss was TWD 1,988.676 million compared to net income of TWD 1,047.439 million a year ago. Basic loss per share was TWD 0.61 compared to basic earnings per share of TWD 0.32 a year ago.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.