Jenn Feng New Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 13, 2019 at 09:29 pm
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Jenn Feng New Energy Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was TWD 77.838 million compared to TWD 119.909 million a year ago. Operating loss was TWD 28.466 million compared to TWD 24.066 million a year ago. Net loss was TWD 46.849 million compared to TWD 39.331 million a year ago. Basic loss per share was TWD 0.83 compared to TWD 0.7 a year ago.
Jenn Feng Industrial Tools Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of electrical tools and lamps. The main products include electric drills, grinding machines, automotive lamps and other components. Electric drills are mainly used for drilling, drilling, or screw locking in woodworking materials, metal, and cement walls. The grinding machines are mainly used for surface polishing of woodworking and metal materials. Automobile lamps are mainly used for reading lighting on the car to improve the visibility of the car at night or in bad weather. The Company also provides replacement of damaged hand tool parts.