Cheng Shin Rubber Ind. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:56 pm EST
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Cheng Shin Rubber Ind. Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 27,927.586 million compared to TWD 27,631.531 million a year ago. Operating income was TWD 3,600.900 million compared to TWD 1,489.599 million a year ago. Net income was TWD 2,543.639 million compared to TWD 286.173 million a year ago. Basic earnings per share was TWD 0.78 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 69,506.400 million compared to TWD 82,887.311 million a year ago. Operating income was TWD 5,152.699 million compared to TWD 5,653.017 million a year ago. Net income was TWD 2,818.893 million compared to TWD 3,030.480 million a year ago. Basic earnings per share was TWD 0.87 compared to TWD 0.93 a year ago.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.
CHENG SHIN RUBBER IND. CO., LTD. 
