Formosa Optical Technology Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 10:59 am EDT
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Formosa Optical Technology Co.,Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 663.328 million compared to TWD 775.575 million a year ago. Operating loss was TWD 5.473 million compared to operating Income of TWD 31.941 million a year ago. Net income was TWD 37.616 million compared to TWD 77.902 million a year ago. Basic earnings per share was TWD 0.63 compared to TWD 1.3 a year ago. For the half year, sales was TWD 1,445.845 million compared to TWD 1,578.097 million a year ago. Operating income was TWD 38.388 million compared to TWD 82.050 million a year ago. Net income was TWD 93.199 million compared to TWD 152.280 million a year ago. Basic earnings per share was TWD 1.55 compared to TWD 2.54 a year ago. Diluted earnings per share was TWD 1.55 compared to TWD 2.53 a year ago.
Formosa Optical Technology Co., Ltd. is a Taiwan-based company principally engaged in the provision of frames, optometry services for spectacles and contact lens, as well as the trading of eye drops. The Company provides frames, including optical frames and sunglasses frames; lenses, including near-sighted lenses, astigmatism lenses, far-sighted lenses, asymptotic multi-focal lenses and sunglasses lenses; contact lenses, including long wear contact lenses, disposable contact lenses, astigmatism contact lenses and corneal discoloration contact lenses, as well as various eye drops and optometry services. The Company distributes its products in the domestic market and to overseas markets.
FORMOSA OPTICAL TECHNOLOGY CO.,LTD. 
