Hong Yi Fiber Ind. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 29, 2020 at 05:12 pm EDT
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Hong Yi Fiber Ind. Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 308.853 million compared to TWD 435.173 million a year ago. Operating income was TWD 12.408 million compared to TWD 19.608 million a year ago. Net income was TWD 48.874 million compared to TWD 50.911 million a year ago. Basic earnings per share was TWD 0.37 compared to TWD 0.38 a year ago. For the nine months, sales was TWD 826.847 million compared to TWD 1,460.273 million a year ago. Operating income was TWD 3.145 million compared to TWD 130.049 million a year ago. Net income was TWD 33.321 million compared to TWD 138.013 million a year ago. Basic earnings per share was TWD 0.25 compared to TWD 1.04 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. 
