Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 08:47 am
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Kwang Ming Silk Mill Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 122.489 million compared to TWD 199.080 million a year ago. Net income was TWD 1.868 million compared to TWD 6.283 million a year ago. Basic earnings per share was TWD 0.05 compared to TWD 0.16 a year ago. For the nine months, sales was TWD 379.955 million compared to TWD 637.200 million a year ago. Net loss was TWD 35.094 million compared to net income of TWD 556.639 million a year ago. Basic loss per share was TWD 0.87 compared to basic earnings per share of TWD 13.76 a year ago. Diluted loss per share was TWD 0.87 compared to diluted earnings per share of TWD 13.7 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.
KWANG MING SILK MILL CO., LTD. 
