Tung Ho Textile Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 08:08 pm
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Tung Ho Textile Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 159.771 million compared to TWD 189.979 million a year ago. Operating loss was TWD 2.604 million compared to TWD 20.423 million a year ago. Net income was TWD 48.879 million compared to TWD 5.837 million a year ago. Basic earnings per share was TWD 0.22 compared to TWD 0.03 a year ago. For the nine months, total revenue was TWD 489.575 million compared to TWD 618.108 million a year ago. Operating loss was TWD 20.364 million compared to TWD 45.737 million a year ago. Net income was TWD 46.399 million compared to net loss of TWD 12.939 million a year ago. Basic earnings per share was TWD 0.21 compared to basic loss per share of TWD 0.06 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.
TUNG HO TEXTILE CO., LTD. 
