Jenn Feng New Energy Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 09:30 pm
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Jenn Feng New Energy Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 75.148 million compared to TWD 98.154 million a year ago. Operating loss was TWD 17.743 million compared to TWD 14.153 million a year ago. Net loss was TWD 7.608 million compared to TWD 7.643 million a year ago. Basic loss per share was TWD 0.14 compared to TWD 0.14 a year ago. For the half year, sales was TWD 130.536 million compared to TWD 175.992 million a year ago. Operating loss was TWD 44.916 million compared to TWD 42.619 million a year ago. Net income was TWD 72.917 million compared to net loss of TWD 54.492 million a year ago. Basic earnings per share was TWD 1.3 compared to basic loss per share of TWD 0.97 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.
JENN FENG INDUSTRIAL TOOLS CO., LTD. 
