Ocean Plastics Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 06:22 pm EST
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Ocean Plastics Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 1,418.527 million compared to TWD 1,238.210 million a year ago. Operating income was TWD 101.344 million compared to operating loss of TWD 26.732 million a year ago. Net income was TWD 148.362 million compared to TWD 115.550 million a year ago. Basic earnings per share was TWD 0.67 compared to TWD 0.52 a year ago. For the nine months, total revenue was TWD 3,586.554 million compared to TWD 3,458.955 million a year ago. Operating income was TWD 141.318 million compared to operating loss of TWD 77.677 million a year ago. Net income was TWD 576.360 million compared to TWD 124.508 million a year ago. Basic earnings per share was TWD 2.62 compared to TWD 0.56 a year ago.
OCEAN PLASTICS CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of plastic materials and products. The Company primarily provides plastic cloths, plastic leather products, synthetic leather products, plastic construction materials and plastic raw materials. The Companyâs products are primarily applied in the manufacture of file folders, stationery related products, balls, shoes, purses, handbags, furniture, sports equipment, tubes, as well as electrical insulating materials, among others. The Company distributes its products in Taiwan, Mainland China, Hong Kong, India and the United States, among others.
OCEAN PLASTICS CO., LTD. 
