Kuen Ling Machinery Refrigerating Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 06:54 am
Share
Kuen Ling Machinery Refrigerating Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 559.602 million compared to TWD 633.176 million a year ago. Operating income was TWD 29.897 million compared to TWD 32.429 million a year ago. Net income was TWD 24.409 million compared to TWD 30.692 million a year ago. Basic earnings per share was TWD 0.32 compared to TWD 0.4 a year ago. For the nine months, sales was TWD 1,788.812 million compared to TWD 1,823.482 million a year ago. Operating income was TWD 144.710 million compared to TWD 93.457 million a year ago. Net income was TWD 132.466 million compared to TWD 83.737 million a year ago. Basic earnings per share was TWD 1.74 compared to TWD 1.1 a year ago. Diluted earnings per share was TWD 1.73 compared to TWD 1.09 a year ago.
Kuen Ling Refrigerating Machinery Co Ltd is a Taiwan-based company mainly engaged in the production of chillers and condensing units. The main products include centrifugal chillers, full-liquid chillers, dry chillers, water-cooled brine machines, direct current variable frequency centrifugal chillers, water source heat pumps, air-cooled chillers and heat pumps, hot and cold water machines, air source water heaters. The products are mainly sold to original design manufacturing (ODM) and original equipment manufacturer (OEM) customers and refrigeration and air conditioning engineering companies. The Company is also engaged in the planning, design and construction of refrigeration and refrigeration systems, monitoring systems, planning, design and construction of ice storage systems, computer room air conditioning, chiller equipment maintenance services, and engineering project management. The products are mainly sold in Taiwan, mainland China, Vietnam, and other Southeast Asian regions.