Hua Eng Wire & Cable Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 02:22 pm
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Hua Eng Wire & Cable Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,772.323 million compared to TWD 1,953.730 million a year ago. Operating income was TWD 75.360 million compared to operating loss of TWD 37.732 million a year ago. Net income was TWD 729.802 million compared to net loss of TWD 54.637 million a year ago. Basic earnings per share was TWD 1.72 compared to basic loss per share of TWD 0.13 a year ago. For the half year, sales was TWD 3,483.123 million compared to TWD 3,817.533 million a year ago. Operating loss was TWD 47.995 million compared to TWD 11.330 million a year ago. Net loss was TWD 327.369 million compared to net income of TWD 243.530 million a year ago. Basic loss per share was TWD 0.77 compared to basic earnings per share of TWD 0.57 a year ago.
Hua Eng Wire And Cable Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of wires and cables. The Companyâs products include oxygen-free copper wires, special oxygen-free copper materials, power cables, communication cables and optical cables. The Company operates through three segments. The Wires segment is mainly engaged in the manufacture of oxygen-free copper wires related products. The Cables segment is mainly engaged in the manufacture of power cables, communication cables and optical cables. The Copper Products segment is mainly engaged in the manufacture of copper related products. The Company operates businesses in Taiwan, Japan, Mainland China, Southeast Asia and the Middle East.
HUA ENG WIRE & CABLE CO., LTD. 
