New Best Wire Industrial Co.,Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 01:54 pm
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New Best Wire Industrial Co.,Ltd announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,232.478 million compared to TWD 1,426.749 million a year ago. Operating income was TWD 69.256 million compared to TWD 58.632 million a year ago. Net income was TWD 24.106 million compared to TWD 20.987 million a year ago. Basic earnings per share was TWD 0.18 compared to TWD 0.16 a year ago. For the half year, sales was TWD 2,486.271 million compared to TWD 2,936.132 million a year ago. Operating income was TWD 116.832 million compared to TWD 134.625 million a year ago. Net income was TWD 47.956 million compared to TWD 59.791 million a year ago. Basic earnings per share was TWD 0.36 compared to TWD 0.45 a year ago.
NEW BEST WIRE INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of wire products. The Company provides carbon steel wires, black iron wires, stainless steel wires, alloy wires, electrolytic polishing tubes and others. The Company's products are mainly applied in hardware products, automobile components, semiconductors, biological products, tools, chemical products, food industry and others. The Company distributes its products within domestic market and to overseas markets.