Universal Textile Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 01:01 pm EST
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Universal Textile Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 190.906 million compared to TWD 292.415 million a year ago. Operating loss was TWD 42.138 million compared to TWD 28.676 million a year ago. Net loss was TWD 12.877 million compared to TWD 18.557 million a year ago. Basic loss per share was TWD 0.1 compared to TWD 0.14 a year ago. For the nine months, sales was TWD 646.586 million compared to TWD 994.839 million a year ago. Operating loss was TWD 96.344 million compared to TWD 45.715 million a year ago. Net loss was TWD 46.124 million compared to TWD 27.975 million a year ago. Basic loss per share was TWD 0.35 compared to TWD 0.21 a year ago.
UNIVERSAL TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. Its products include textured yarns, filament suit fabrics, lightweight fabrics for womenâs apparels, filament and staple fiber yarn cross weaving fabrics and polyester textured yarns. The Company is also engaged in the importing and exporting of raw materials, materials and finished products, as well as the leasing and sales of commercial buildings and residential buildings. The Company operates businesses through textile segment and false twist segment. The Company operates businesses in domestic and overseas markets, including Asia, Europe, America and other regions.
UNIVERSAL TEXTILE CO., LTD. 
