Tachia Yung Ho Machine Industry Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 10:20 am
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Tachia Yung Ho Machine Industry Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 285.585 million compared to TWD 307.410 million a year ago. Operating income was TWD 25.598 million compared to TWD 37.191 million a year ago. Net income was TWD 15.691 million compared to TWD 25.669 million a year ago. Basic earnings per share was TWD 0.37 compared to TWD 0.61 a year ago. For the nine months, total revenue was TWD 821.509 million compared to TWD 893.985 million a year ago. Operating income was TWD 74.188 million compared to TWD 120.451 million a year ago. Net income was TWD 47.630 million compared to TWD 89.736 million a year ago. Basic earnings per share was TWD 1.13 compared to TWD 2.12 a year ago. Diluted earnings per share was TWD 1.12 compared to TWD 2.11 a year ago.
Tachia Yung Ho Machine Industry Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel welded pipe fittings and ultra-clean pipe fittings. The Companyâs stainless steel welded pipe fittings include seamed stainless steel welded pipe fittings and seamless stainless steel welded pipe fittings. The Company is also engaged in the manufacture and distribution of carbon steel butt-welded pipe fittings. Its pipe fittings include elbows, tees, reducers, caps and thin-walled pipes. The Company distributes its products in domestic market and to overseas markets, including Asia, Europe and the Americas, among others.