Chiu Ting Machinery Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 11:48 am
Share
Chiu Ting Machinery Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 489.625 million compared to TWD 570.847 million a year ago. Operating income was TWD 31.888 million compared to TWD 34.393 million a year ago. Net loss was TWD 10.478 million compared to net income of TWD 21.964 million a year ago. Basic loss per share was TWD 0.16 compared to basic earnings per share of TWD 0.34 a year ago. For the half year, sales was TWD 944.777 million compared to TWD 1,212.730 million a year ago. Operating income was TWD 50.903 million compared to TWD 76.123 million a year ago. Net income was TWD 16.970 million compared to TWD 64.521 million a year ago. Basic earnings per share was TWD 0.26 compared to TWD 0.99 a year ago. Diluted earnings per share was TWD 0.26 compared to TWD 0.98 a year ago.
CHIU TING MACHINERY CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacture, processing and sales of woodworking machineries. The Companyâs primary products include computerized auto carving machines, bench top and stationery planers, manual planers, single spindle shapers, bench top and stationery jointers, computer numerical control (CNC) machine tools and lathes, as well as bench top and stationery table saws. The Company mainly distributes its products in domestic market and overseas markets, including the United States of America (the USA), Canada and other countries.
CHIU TING MACHINERY CO., LTD. 
