I-Hwa Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 04:46 pm
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I-HWA Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 134.008 million compared to TWD 274.460 million a year ago. Operating income was TWD 6.436 million compared to TWD 17.188 million a year ago. Net loss was TWD 14.908 million compared to net income of TWD 4.723 million a year ago. Basic loss per share was TWD 0.16 compared to basic earnings per share of TWD 0.05 a year ago. For the half year, sales was TWD 244.232 million compared to TWD 469.885 million a year ago. Operating income was TWD 13.537 million compared to TWD 28.695 million a year ago. Net loss was TWD 22.356 million compared to net income of TWD 81,000 a year ago. Basic loss per share was TWD 0.24. Basic loss per share from continuing operations was TWD 0.24.
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 
