Falcon Machine Tools Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 02:01 pm EST
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Falcon Machine Tools Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TWD 320.375 million compared to TWD 516.544 million a year ago. Operating loss was TWD 5.793 million compared to operating Income of TWD 32.793 million a year ago. Net loss was TWD 11.007 million compared to net income of TWD 28.273 million a year ago. Basic loss per share was TWD 0.14 compared to basic earnings per share of TWD 0.37 a year ago. For the nine months, total revenue was TWD 991.707 million compared to TWD 1,621.555 million a year ago. Operating loss was TWD 4.505 million compared to operating Income of TWD 105.869 million a year ago. Net loss was TWD 17.767 million compared to net income of TWD 97.800 million a year ago. Basic loss per share was TWD 0.23 compared to basic earnings per share of TWD 1.27 a year ago.
Falcon Machine Tools Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of machine tools. The Company's products include grinding machines, computer numerically controlled (CNC) grinders, vertical lathes, CNC machining centers, CNC lathes, as well as portal grinding and milling machine tools and others. Its products are mainly applied in the drilling, milling, processing and manufacture of metal and nonmetal components, devices and tools. The Company is also engaged in the manufacture of related components and the provision of maintenance services. The Company distributes its products in Taiwan, the Mainland China, the Americas, Europe and others.
FALCON MACHINE TOOLS CO., LTD. 
