Hong Yi Fiber Ind. Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 30, 2020 at 10:07 pm
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Hong Yi Fiber Ind. Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 144.649 million compared to TWD 514.271 million a year ago. Operating loss was TWD 34.922 million compared to operating Income of TWD 51.429 million a year ago. Net loss was TWD 19.394 million compared to net income of TWD 37.024 million a year ago. Basic loss per share was TWD 0.15 compared to basic earnings per share of TWD 0.28 a year ago. For the half year, sales was TWD 517.994 million compared to TWD 1,025.100 million a year ago. Operating loss was TWD 9.263 million compared to operating Income of TWD 110.441 million a year ago. Net loss was TWD 15.553 million compared to net income of TWD 87.102 million a year ago. Basic loss per share was TWD 0.12 compared to basic earnings per share of TWD 0.66 a year ago.
HONG YI FIBER IND. CO., LTD. is a Taiwan-based company principally engaged in the manufacture and marketing of textured polyester yarns. The products of the Company include ultra-fine finished fiber yarns, full-dull yarns, colorful three tone yarns, environmental friendly finished yarns and yarns for layered cloth. The Companyâs products are applied in the manufacture of overcoats, pants, casual wear, home decoration fabrics and industrial fabrics, among others. The Company operates businesses in domestic market, Asia, Europe and Americas, among others.
HONG YI FIBER IND. CO., LTD. 
