Chiu Ting Machinery Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 11:38 am EDT
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Chiu Ting Machinery Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 2,293.323 million compared to TWD 2,195.824 million a year ago. Operating income was TWD 123.382 million compared to TWD 135.348 million a year ago. Net loss was TWD 18.592 million compared to net income of TWD 69.893 million a year ago. Basic loss per share from continuing operations was TWD 0.28 compared to basic earnings per share from continuing operations of TWD 1.07 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.