Taiwan Wax Company,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:35 pm
Share
Taiwan Wax Company,Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 80.778 million compared to TWD 89.644 million a year ago. Operating income was TWD 4.487 million compared to TWD 8.805 million a year ago. Net loss was TWD 15.655 million compared to net income of TWD 6.735 million a year ago. Basic loss per share was TWD 0.22 compared to basic earnings per share of TWD 0.11 a year ago. For the nine months, sales was TWD 280.224 million compared to TWD 300.073 million a year ago. Operating income was TWD 21.557 million compared to TWD 53.166 million a year ago. Net loss was TWD 640,000 compared to net income of TWD 43.682 million a year ago. Basic loss per share was TWD 0.01 compared to basic earnings per share of TWD 0.76 a year ago.
TAIWAN WAX COMPANY, LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of waxes. The Company provides soft waxes, hard waxes, Vaseline materials and products, as well as formulated waxes and chemical products used for wax manufacturing. Its products include refined waxes, microcrystalline waxes, intermediate waxes, oil waxes and others. The wax products are mainly applied in the manufacture of candles, damp proof coatings for cartons, crayons, rubber additives and insulating materials for electronics and others. The Company also provides leasing service. The Company distributes its products within Taiwan market and to the rest of Asia, the Americas and Australia.
TAIWAN WAX COMPANY,LTD. 
