Kao Fong Machinery Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:49 pm
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Kao Fong Machinery Co. Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 401.506 million compared to TWD 474.432 million a year ago. Operating loss was TWD 192,000 compared to operating Income of TWD 606,000 a year ago. Net income was TWD 26.309 million compared to TWD 9.775 million a year ago. Basic earnings per share was TWD 0.24 compared to TWD 0.09 a year ago. Diluted eps was TWD 0 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 1,219.934 million compared to TWD 1,481.621 million a year ago. Operating loss was TWD 20.419 million compared to TWD 5.448 million a year ago. Net income was TWD 5.764 million compared to TWD 3.381 million a year ago. Basic earnings per share was TWD 0.05 compared to TWD 0.03 a year ago. Diluted eps was TWD 0 compared to TWD 0.03 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 
