Formosa Oilseed Processing Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 03:24 pm
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Formosa Oilseed Processing Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 2,458.591 million compared to TWD 2,633.691 million a year ago. Operating income was TWD 82.360 million compared to TWD 93.209 million a year ago. Net income was TWD 64.152 million compared to TWD 72.536 million a year ago. Basic earnings per share was TWD 0.29 compared to TWD 0.33 a year ago. For the half year, total revenue was TWD 4,979.882 million compared to TWD 5,111.461 million a year ago. Operating income was TWD 181.253 million compared to TWD 192.933 million a year ago. Net income was TWD 142.028 million compared to TWD 150.752 million a year ago. Basic earnings per share was TWD 0.65 compared to TWD 0.69 a year ago.
FORMOSA OILSEED PROCESSING CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of oil products and feedstuff. The Companyâs products include oil products, feedstuff products, raw material products including cereals and corns, as well as flour products. Its oil products include soybean oil, sunflower oil and palm oil, among others. Its feedstuff products include soybean powder, wheat powder, wheat bran, barley and mixed feedstuff, among others. The Company operates through four segments. Oil segment manufactures, processes and sells soybean oil and soybean powder. Feedstuff segment manufactures, processes and sells feedstuff. Flour segment manufactures, processes and sells flour products. Others segment is engaged in other businesses.
FORMOSA OILSEED PROCESSING CO., LTD. 
