Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 09:00 pm
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Kwang Ming Silk Mill Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 95.456 million compared to TWD 210.140 million a year ago. Operating loss was TWD 8.542 million compared to operating Income of TWD 8.590 million a year ago. Net loss was TWD 20.841 million compared to net income of TWD 11.348 million a year ago. Basic loss per share was TWD 0.52 compared to basic earnings per share of TWD 0.28 a year ago. For the half year, total revenue was TWD 267.401 million compared to TWD 449.616 million a year ago. Operating loss was TWD 6.118 million compared to operating Income of TWD 583.004 million a year ago. Net loss was TWD 36.962 million compared to net income of TWD 550.356 million a year ago. Basic loss per share was TWD 0.91 compared to basic earnings per share of TWD 13.6 a year ago. Diluted loss per share was TWD 0.91 compared to diluted earnings per share of TWD 13.54 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.
KWANG MING SILK MILL CO., LTD. 
