Formosa Taffeta Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019 at 03:48 pm EDT
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Formosa Taffeta Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 12,370.748 million compared to TWD 11,737.258 million a year ago. Operating income was TWD 796.395 million compared to TWD 843.333 million a year ago. Net income was TWD 2,235.182 million compared to TWD 1,256.048 million a year ago. Basic earnings per share was TWD 1.33 compared to TWD 0.75 a year ago. For the half year, sales was TWD 24,089.595 million compared to TWD 22,467.681 million a year ago. Operating income was TWD 1,504.277 million compared to TWD 1,473.116 million a year ago. Net income was TWD 2,659.627 million compared to TWD 1,540.722 million a year ago. Basic earnings per share was TWD 1.58 compared to TWD 0.91 a year ago.
Formosa Taffeta Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of textile products, as well as the operation of gas stations. The weaving business, dyeing business and works business are engaged in the provision of blended fabrics, staple fiber fabrics, long and short woven fabrics, polyamine and polyester fabrics, and various plain woven fabrics. The cords business and industrial materials business are engaged in the provision of polyamine and polyester tire cords, pure cotton yarns, blended yarns, functional yarns, special protective yarns and fabrics, medical care fabrics, bulletproof fabrics, carbon fiber fabrics, composite fabrics and plastic bags. The oil products business is engaged in the operation of gas stations to sell gasoline, diesel and kerosene products, and the provision of car wash services. The formosa technology business is engaged in the assembly, testing, module processing, research and development of various integrated circuits.
FORMOSA TAFFETA CO., LTD. 
