Hwa Fong Rubber Ind. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 02:04 pm
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Hwa Fong Rubber Ind. Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 1,168.385 million compared to TWD 1,221.434 million a year ago. Operating income was TWD 102.168 million compared to TWD 21.576 million a year ago. Net income was TWD 46.624 million compared to TWD 4.816 million a year ago. Basic earnings per share was TWD 0.14 compared to TWD 0.01 a year ago.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.
HWA FONG RUBBER INDUSTRIAL CO., LTD. 
