Tung Ho Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 05:20 pm
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Tung Ho Textile Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 178.282 million compared to TWD 180.154 million a year ago. Operating loss was TWD 19.526 million compared to TWD 14.533 million a year ago. Net loss was TWD 21.587 million compared to TWD 11.829 million a year ago. Basic loss per share was TWD 0.1 compared to TWD 0.05 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.
TUNG HO TEXTILE CO., LTD. 
