Kaulin Mfg. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 01:51 pm
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Kaulin Mfg. Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 450.856 million compared to TWD 520.993 million a year ago. Operating income was TWD 579,000 compared to TWD 18.650 million a year ago. Net income was TWD 2.289 million compared to TWD 20.774 million a year ago. Basic earnings per share was TWD 0.01 compared to TWD 0.11 a year ago. For the nine months, sales was TWD 1,136.226 million compared to TWD 1,674.707 million a year ago. Operating loss was TWD 78.876 million compared to operating Income of TWD 33.228 million a year ago. Net loss was TWD 49.872 million compared to net income of TWD 57.443 million a year ago. Basic loss per share was TWD 0.27 compared to basic earnings per share of TWD 0.31 a year ago.
KAULIN MFG CO., LTD. is a Taiwan-based company principally engaged in the processing, manufacturing, assembly and sales of sewing machines and related spare parts. The Company's principal products include the overlock machines, needles interlock machines, portable overcasting stitches machines and other multi-needle overcasting stitches machines. The Company mainly distributes its products in Taiwan and overseas markets.