Jenn Feng Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:21 pm
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Jenn Feng Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 67.351 million compared to TWD 100.708 million a year ago. Operating loss was TWD 18.723 million compared to TWD 22.458 million a year ago. Net loss was TWD 33.554 million compared to TWD 8.001 million a year ago. Basic loss per share was TWD 1.57 compared to TWD 0.37 a year ago. For the nine months, sales was TWD 197.887 million compared to TWD 276.700 million a year ago. Operating loss was TWD 63.639 million compared to TWD 65.077 million a year ago. Net income was TWD 39.363 million compared to net loss of TWD 62.493 million a year ago. Basic earnings per share was TWD 1.84 compared to basic loss per share of TWD 2.92 a year ago.
Jenn Feng Industrial Tools Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of electrical tools and lamps. The main products include electric drills, grinding machines, automotive lamps and other components. Electric drills are mainly used for drilling, drilling, or screw locking in woodworking materials, metal, and cement walls. The grinding machines are mainly used for surface polishing of woodworking and metal materials. Automobile lamps are mainly used for reading lighting on the car to improve the visibility of the car at night or in bad weather. The Company also provides replacement of damaged hand tool parts.
JENN FENG INDUSTRIAL TOOLS CO., LTD. 
