Taiwan Taffeta Fabric Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 11:45 am
Share
Taiwan Taffeta Fabric Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 245.542 million compared to TWD 470.032 million a year ago. Operating loss was TWD 36.496 million compared to TWD 6.259 million a year ago. Net loss was TWD 18.211 million compared to net income of TWD 3.447 million a year ago. Basic loss per share was TWD 0.14 compared to basic earnings per share of TWD 0.03 a year ago. For the nine months, sales was TWD 877.527 million compared to TWD 1,453.955 million a year ago. Operating loss was TWD 82.374 million compared to operating Income of TWD 26.543 million a year ago. Net loss was TWD 42.759 million compared to net income of TWD 36.212 million a year ago. Basic loss per share was TWD 0.34 compared to basic earnings per share of TWD 0.29 a year ago.
TAIWAN TAFFETA FABRIC CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of fabrics and yarn products. The businesses of the Company include the manufacture, sales and trading of finished polyester fabrics, the manufacture, sales and trading of polyester gray fabrics, the trading of yarn materials, the provision of original equipment manufacturer (OEM) services, as well as the development, leasing and sales of residential properties. The Company operates through four segments, including cotton mill segment, fabric mill segment, construction segment and accessories and garments segment. The Company operates businesses in domestic market and other markets, such as Asia, Europe, America and Africa.
TAIWAN TAFFETA FABRIC CO., LTD. 