Falcon Machine Tools Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 07:35 am EST
Share
Falcon Machine Tools Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 296.528 million compared to TWD 320.375 million a year ago. Operating loss was TWD 5.876 million compared to TWD 5.793 million a year ago. Net loss was TWD 5.034 million compared to TWD 11.007 million a year ago. Basic loss per share was TWD 0.07 compared to TWD 0.14 a year ago. For the nine months, sales was TWD 747.223 million compared to TWD 991.707 million a year ago. Operating loss was TWD 41.661 million compared to TWD 4.505 million a year ago. Net loss was TWD 44.843 million compared to TWD 17.767 million a year ago. Basic loss per share was TWD 0.58 compared to TWD 0.23 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. 
