U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 02:54 pm
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U-Best Innovative Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 123.881 million compared to TWD 149.434 million a year ago. Operating loss was TWD 9.379 million compared to TWD 5.081 million a year ago. Net income was TWD 26.147 million compared to net loss of TWD 4.607 million a year ago. Basic loss per share from continuing operations was TWD 0.2 compared to TWD 0.04 a year ago. Basic earnings per share was TWD 0.25 compared to basic loss per share of TWD 0.05 a year ago. Diluted loss per share from continuing operations was TWD 0.15 compared to Diluted EPS - Continuing Operations of TWD 0 a year ago. Diluted earnings per share was TWD 0.23 compared to TWD 0 a year ago. For the half year, sales was TWD 248.573 million compared to TWD 292.719 million a year ago. Operating loss was TWD 10.801 million compared to TWD 10.057 million a year ago. Net income was TWD 28.379 million compared to net loss of TWD 10.137 million a year ago. Basic loss per share from continuing operations was TWD 0.16 compared to TWD 0.1 a year ago. Basic earnings per share was TWD 0.28 compared to basic loss per share of TWD 0.12 a year ago. Diluted loss per share from continuing operations was TWD 0.13 compared to Diluted EPS - Continuing Operations of TWD 0 a year ago. Diluted earnings per share was TWD 0.24 compared to TWD 0 a year ago.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD., formerly U-Best Polymer Industry Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of macromolecule chemical raw materials. The Company is primarily engaged in the production of polyurethane (PU) resins, PU adhesives, nylon resins and polyester polyol. The products are mainly used in the manufacture of PU synthetic leather and artificial leather for footwear, purses and garments, the molding of nylon, the bonding of various fibers, as well as the manufacture of waterproof nylon fabrics for raincoats, suitcases and tents. The Company distributes its products within the domestic market and to overseas markets.