Universal Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 09:01 pm
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Universal Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 142.049 million compared to TWD 333.078 million a year ago. Operating loss was TWD 50.023 million compared to TWD 8.407 million a year ago. Net loss was TWD 31.431 million compared to TWD 5.668 million a year ago. Basic loss per share was TWD 0.24 compared to TWD 0.04 a year ago. For the half year, sales was TWD 455.679 million compared to TWD 702.425 million a year ago. Operating loss was TWD 54.206 million compared to TWD 17.039 million a year ago. Net loss was TWD 33.247 million compared to TWD 9.418 million a year ago. Basic loss per share was TWD 0.25 compared to TWD 0.07 a year ago.
UNIVERSAL TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. Its products include textured yarns, filament suit fabrics, lightweight fabrics for womenâs apparels, filament and staple fiber yarn cross weaving fabrics and polyester textured yarns. The Company is also engaged in the importing and exporting of raw materials, materials and finished products, as well as the leasing and sales of commercial buildings and residential buildings. The Company operates businesses through textile segment and false twist segment. The Company operates businesses in domestic and overseas markets, including Asia, Europe, America and other regions.
UNIVERSAL TEXTILE CO., LTD. 
