Kao Fong Machinery Co., Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 07:16 pm
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Kao Fong Machinery Co. Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 469.487 million compared to TWD 538.111 million a year ago. Operating income was TWD 7.199 million compared to TWD 2.047 million a year ago. Net income was TWD 6.261 million compared to net loss of TWD 4.966 million a year ago. Basic earnings per share was TWD 0.06 compared to basic loss per share of TWD 0.05 a year ago. For the half year, sales was TWD 818.428 million compared to TWD 1,007.189 million a year ago. Operating loss was TWD 20.226 million compared to TWD 6.055 million a year ago. Net loss was TWD 20.545 million compared to TWD 6.395 million a year ago. Basic loss per share was TWD 0.19 compared to TWD 0.06 a year ago.
KAO FONG MACHINERY CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machine tools and machinery equipment. The Company's products mainly consist of vertical machining centers, horizontal machining centers, as well as gantry-type processing centers. The Company's products are applied in the processing of precision metal components, automotive components, electronic components, molds, semiconductor products and others. The Company distributes its products in Taiwan, the Americas and the rest of Asia.
KAO FONG MACHINERY CO., LTD 
