Yao I Fabric Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 10:16 pm
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Yao I Fabric Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 423.152 million compared to TWD 513.414 million a year ago. Operating loss was TWD 28.883 million compared to operating Income of TWD 15.617 million a year ago. Net loss was TWD 28.893 million compared to net income of TWD 13.757 million a year ago. Basic loss per share was TWD 0.52 compared to basic earnings per share of TWD 0.24 a year ago. For the half year, sales was TWD 825.451 million compared to TWD 1,015.387 million a year ago. Operating loss was TWD 57.808 million compared to operating Income of TWD 43.835 million a year ago. Net loss was TWD 30.674 million compared to net income of TWD 36.932 million a year ago. Basic loss per share was TWD 0.55 compared to basic earnings per share of TWD 0.66 a year ago.
Yao I Fabric CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and sales of line products. The Companyâs primary products include fishing lines, trimmer lines, nylon lines, industrial lines, battledore lines and tennis racket lines. The Company is also engaged in the provision of elastic bands and non-woven fabrics. The Company's finishing lines are primarily used for freshwater fishing, sea fishing, stream fishing, river fishing and rock fishing. Its industrial lines are applied in lawnmowers and fasten tapes. The Company mainly distributes its products in Asia, the Americas and Europe.
YAO I FABRIC CO., LTD. 
