Shiny Chemical Industrial Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 10:50 pm
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Shiny Chemical Industrial Company Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 1,978.370 million compared to TWD 1,686.873 million a year ago. Operating income was TWD 322.742 million compared to TWD 206.208 million a year ago. Net income was TWD 271.498 million compared to TWD 183.459 million a year ago. Basic earnings per share was TWD 1.81 compared to TWD 1.22 a year ago. Diluted earnings per share was TWD 1.8 compared to TWD 1.21 a year ago.
Shiny Chemical Industrial Co., Ltd. is a Taiwan-based company primarily engaged in the manufacture and sales of chemical solvent series products and the trading of raw chemical materials. The Company's solvent series products include electronic grade solvents, industrial grade solvents and formaldehyde series products. The electronic grade solvents include normal butyl acetate, propylene glycol monomethyl ether and acetone. The industrial grade solvents include normal butyl acetate, shinytate, normal propyl acetate, Ibo-Butyl acetate and others. The formaldehyde series products include formalin, urea glue, melamine glue and others. The Company distributes its products in domestic market and to overseas markets, including Korea, Vietnam, Hong Kong and other areas.
SHINY CHEMICAL INDUSTRIAL CO., LTD. 
