Chiu Ting Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 10:28 am EDT
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Chiu Ting Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 455.152 million compared to TWD 641.883 million a year ago. Operating income was TWD 19.015 million compared to TWD 41.730 million a year ago. Net income was TWD 27.448 million compared to TWD 42.557 million a year ago. Basic earnings per share was TWD 0.42 compared to TWD 0.65 a year ago.
CHIU TING MACHINERY CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacture, processing and sales of woodworking machineries. The Companyâs primary products include computerized auto carving machines, bench top and stationery planers, manual planers, single spindle shapers, bench top and stationery jointers, computer numerical control (CNC) machine tools and lathes, as well as bench top and stationery table saws. The Company mainly distributes its products in domestic market and overseas markets, including the United States of America (the USA), Canada and other countries.
CHIU TING MACHINERY CO., LTD. 
