Falcon Machine Tools Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 01:14 pm EDT
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Falcon Machine Tools Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 273.176 million compared to TWD 385.042 million a year ago. Operating loss was TWD 16.584 million compared to operating Income of TWD 15.053 million a year ago. Net loss was TWD 12.929 million compared to net income of TWD 11.647 million a year ago. Basic loss per share was TWD 0.17 compared to basic earnings per share of TWD 0.15 a year ago. For the half year, sales was TWD 450.695 million compared to TWD 671.332 million a year ago. Operating loss was TWD 35.785 million compared to operating Income of TWD 1.288 million a year ago. Net loss was TWD 39.809 million compared to TWD 6.760 million a year ago. Basic loss per share was TWD 0.52 compared to TWD 0.09 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. 
