Hsin Kao Gas Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 02:24 pm
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Hsin Kao Gas Co.,Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 301.455 million compared to TWD 368.697 million a year ago. Operating income was TWD 43.936 million compared to TWD 50.322 million a year ago. Net income was TWD 42.453 million compared to TWD 48.972 million a year ago. Basic earnings per share was TWD 0.42 compared to TWD 0.48 a year ago. Diluted earnings per share was TWD 0.41 compared to TWD 0.48 a year ago. For the half year, sales was TWD 689.294 million compared to TWD 778.044 million a year ago. Operating income was TWD 98.898 million compared to TWD 114.688 million a year ago. Net income was TWD 102.426 million compared to TWD 100.250 million a year ago. Basic earnings per share was TWD 1 compared to TWD 0.98 a year ago.
Hsin Kao Gas Co Ltd is a Taiwan-based company mainly engaged in the sale of natural gas and the installation of gas pipelines. The Company sells natural gas and transports the natural gas imported by CPC Corp Taiwan to residential and commercial users in the operating area through gas pipelines for use as fuel. The business scope mainly targets industrial, commercial and general household users in the nine administrative districts of Kaohsiung City, including Sanmin, Qianjin, Xinxing, Lingya, Qianzhen, Gushan, Zuoying, Nanzi and Yancheng.