I-Hwa Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 11:16 pm
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I-HWA Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 274.460 million compared to TWD 114.344 million a year ago. Operating income was TWD 17.188 million compared to operating loss of TWD 604,000 a year ago. Net income was TWD 4.723 million compared to net loss of TWD 18.257 million a year ago. Basic earnings per share was TWD 0.05 compared to basic loss per share of TWD 0.19 a year ago. For the half year, sales was TWD 469.885 million compared to TWD 204.335 million a year ago. Operating income was TWD 28.695 million compared to TWD 10.409 million a year ago. Net income was TWD 81,000 compared to net loss of TWD 24.578 million a year ago. Basic eps was TWD 0 compared to basic loss per share of TWD 0.26 a year ago.
I-HWA INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of textile products. The Company operates businesses through two segments. The Textile segment is engaged in the manufacture and sales of wool yarns, cotton yarns, finished fabrics and dyestuff. Its products are applied in the manufacture of suit fabrics, Japanese kimono, sweaters, knitted fabrics and other garments, among others. This segment is also involved in the provision of original equipment manufacturer (OEM) services. The Real Estates segment is mainly engaged in the investment in the construction of real estates for rental and for sales. The Company mainly operates businesses in domestic market.
I-HWA INDUSTRIAL CO.,LTD 
