Ten Ren Tea Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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Ten Ren Tea Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 505.297 million compared to TWD 570.838 million a year ago. Operating income was TWD 35.525 million compared to TWD 44.516 million a year ago. Net income was TWD 24.258 million compared to TWD 38.944 million a year ago. Basic earnings per share was TWD 0.27 compared to TWD 0.43 a year ago. For the nine months, sales was TWD 1,401.213 million compared to TWD 1,670.542 million a year ago. Operating income was TWD 37.302 million compared to TWD 135.632 million a year ago. Net income was TWD 36.732 million compared to TWD 124.583 million a year ago. Basic earnings per share was TWD 0.41 compared to TWD 1.38 a year ago. Diluted earnings per share was TWD 0.41 compared to TWD 1.37 a year ago.
Ten Ren Tea Co., Ltd. is a Taiwan-based company principally engaged in the production and distribution of tea leaves, tea sets and beverages. The Company provides specialty tea products, such as oolong tea, packaged tea products, tea gifts, tea sets, tea food, tea moon cakes, tea beverages, tea wines, green tea powder, green tea cookies, as well as green tea health food and others. It distributes its products within domestic market and overseas markets, with Taiwan as its main market.
TEN REN TEA CO., LTD. 
