Formosa Taffeta Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 12:40 pm EST
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Formosa Taffeta Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 11,340.797 million compared to TWD 11,336.698 million a year ago. Operating income was TWD 622.716 million compared to TWD 647.070 million a year ago. Net income was TWD 595.847 million compared to TWD 3,028.348 million a year ago. Basic earnings per share was TWD 0.36 compared to TWD 1.81 a year ago. For the nine months, sales was TWD 35,430.392 million compared to TWD 33,804.379 million a year ago. Operating income was TWD 2,126.993 million compared to TWD 2,120.186 million a year ago. Net income was TWD 3,255.474 million compared to TWD 4,569.070 million a year ago. Basic earnings per share was TWD 1.93 compared to TWD 2.72 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. 
