Kao Fong Machinery Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 08:12 pm
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Kao Fong Machinery Co. Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 474.432 million compared to TWD 791.828 million a year ago. Operating income was TWD 606,000 compared to TWD 29.372 million a year ago. Net income was TWD 9.775 million compared to TWD 101.254 million a year ago. Basic earnings per share was TWD 0.09 compared to TWD 0.94 a year ago. Diluted earnings per share was TWD 0.09 compared to TWD 0.93 a year ago. For the nine months, sales was TWD 1,481.621 million compared to TWD 2,195.512 million a year ago. Operating loss was TWD 5.448 million compared to operating Income of TWD 53.705 million a year ago. Net income was TWD 3.381 million compared to TWD 122.643 million a year ago. Basic earnings per share was TWD 0.03 compared to TWD 1.14 a year ago. Diluted earnings per share was TWD 0.03 compared to TWD 1.13 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 
