U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:33 pm
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U-Best Innovative Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 79.238 million compared to TWD 127.024 million a year ago. Operating loss was TWD 11.319 million compared to operating Income of TWD 384,000 a year ago. Net loss was TWD 165,000 compared to net income of TWD 47.691 million a year ago. Basic eps - continuing operations was TWD 0 compared to TWD 0.4 a year ago. Basic eps was TWD 0 compared to TWD 0.43 a year ago. Diluted eps - continuing operations was TWD 0 compared to TWD 0.34 a year ago. Diluted eps was TWD 0 compared to TWD 0.36 a year ago. For the nine months, sales was TWD 262.915 million compared to TWD 340.416 million a year ago. Operating loss was TWD 17.216 million compared to TWD 14.992 million a year ago. Net income was TWD 57.146 million compared to TWD 76.070 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 0.21 a year ago. Basic earnings per share was TWD 0.5 compared to TWD 0.68 a year ago. Diluted loss per share from continuing operations was TWD 0.09 compared to diluted earnings per share from continuing operations of TWD 0.18 a year ago. Diluted earnings per share was TWD 0.5 compared to TWD 0.58 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.