Test-Rite International Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020
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Test-Rite International Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 10,906.108 million compared to TWD 9,780.518 million a year ago. Net income was TWD 255.692 million compared to TWD 166.405 million a year ago. Basic earnings per share was TWD 0.52 compared to TWD 0.33 a year ago. For the nine months, sales was TWD 30,793.938 million compared to TWD 28,994.313 million a year ago. Net income was TWD 633.435 million compared to net loss of TWD 37.498 million a year ago. Basic earnings per share was TWD 1.28 compared to basic loss per share of TWD 0.07 a year ago.
Test Rite International Co Ltd is a Taiwan-based company principally engaged in the retailing of household products and the trading of daily goods. The trading business is engaged in the import and export business and agency business of department store products, covering hardware tools, DIY hand tools, bathroom and storage products, stationery products, household appliances and living goods, outdoor furniture, gardening, barbecue products. The retail business is directly facing consumers mainly located in Taiwan and China in the home furnishings, home repair, mattress and bedding sales business, comprehensive home integration services and brand agency business. The affiliated business groups include design teams for product design, packaging design, and industrial design; construction teams for store construction, office building construction, investment promotion, and logistics and warehousing services in China, Taiwan, the United States, and Europe.