Hong Yi Fiber Ind. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 02:14 pm EDT
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Hong Yi Fiber Ind. Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 373.345 million compared to TWD 510.829 million a year ago. Operating income was TWD 25.659 million compared to TWD 59.012 million a year ago. Net income was TWD 3.841 million compared to TWD 50.078 million a year ago. Basic earnings per share was TWD 0.03 compared to TWD 0.38 a year ago.
HONG YI FIBER IND. CO., LTD. is a Taiwan-based company principally engaged in the manufacture and marketing of textured polyester yarns. The products of the Company include ultra-fine finished fiber yarns, full-dull yarns, colorful three tone yarns, environmental friendly finished yarns and yarns for layered cloth. The Companyâs products are applied in the manufacture of overcoats, pants, casual wear, home decoration fabrics and industrial fabrics, among others. The Company operates businesses in domestic market, Asia, Europe and Americas, among others.
HONG YI FIBER IND. CO., LTD. 
