Sumeeko Industries Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 10:01 pm
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Sumeeko Industries Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 549.154 million compared to TWD 588.972 million a year ago. Operating income was TWD 55.323 million compared to TWD 17.802 million a year ago. Net income was TWD 27.668 million compared to TWD 19.838 million a year ago. Basic earnings per share was TWD 0.77 compared to TWD 0.55 a year ago. For the nine months, sales was TWD 1,475.621 million compared to TWD 1,890.819 million a year ago. Operating income was TWD 82.002 million compared to TWD 95.542 million a year ago. Net income was TWD 43.713 million compared to TWD 150.783 million a year ago. Basic earnings per share was TWD 1.21 compared to TWD 4.16 a year ago. Diluted earnings per share was TWD 1.21 compared to TWD 4.15 a year ago.
Sumeeko Industries Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive fasteners and components. The Company's main products categorized into automotive parts and mechanical parts, including automotive standard fasteners, as well as threaded fasteners used in electronics, construction, furniture and other industries. The Company distributes its products mainly in overseas markets, such as the Americas and Europe.