Hwa Fong Rubber Ind. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 11:54 am
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Hwa Fong Rubber Ind. Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,342.588 million compared to TWD 1,408.161 million a year ago. Operating income was TWD 217.520 million compared to TWD 119.622 million a year ago. Net income was TWD 137.323 million compared to net loss of TWD 42.425 million a year ago. Basic earnings per share was TWD 0.41 compared to basic loss per share of TWD 0.13 a year ago. For the nine months, sales was TWD 3,461.374 million compared to TWD 3,904.332 million a year ago. Operating income was TWD 402.781 million compared to TWD 271.376 million a year ago. Net income was TWD 213.820 million compared to net loss of TWD 36.719 million a year ago. Basic earnings per share was TWD 0.64 compared to basic loss per share of TWD 0.11 a year ago.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.
HWA FONG RUBBER INDUSTRIAL CO., LTD. 
