Hota Industrial Mfg. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 10:02 am EDT
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Hota Industrial Mfg. Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 1,410.655 million compared to TWD 1,479.919 million a year ago. Operating income was TWD 162.707 million compared to TWD 224.448 million a year ago. Net income was TWD 143.704 million compared to TWD 192.376 million a year ago. Basic earnings per share was TWD 0.56 compared to TWD 0.75 a year ago.
Hota Industrial Mfg. Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of gears and axles for automobiles and motorcycles. The Companyâs primary products include gears and axles for motorcycles, gear shafts, gearbox parts, differentials and torque transfer systems for heavy duty trucks, slowdown parts, planetary gear sets for auto gearboxes, gears and axles for heavy locomotives, gears and axles for oil pumps, as well as gearbox parts for electric cars. The Company mainly distributes its products in American, Mainland China and Taiwan.
HOTA INDUSTRIAL MFG. CO., LTD. 
