Hota Industrial Mfg. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 10, 2019 at 01:39 pm EST
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Hota Industrial Mfg. Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 1,530.593 million compared to TWD 1,879.244 million a year ago. Operating income was TWD 214.947 million compared to TWD 357.388 million a year ago. Net income was TWD 181.092 million compared to TWD 340.307 million a year ago. Basic earnings per share was TWD 0.71 compared to TWD 1.33 a year ago. For the nine months, sales was TWD 4,515.801 million compared to TWD 5,450.941 million a year ago. Operating income was TWD 641.056 million compared to TWD 1,050.376 million a year ago. Net income was TWD 563.399 million compared to TWD 976.499 million a year ago. Basic earnings per share was TWD 2.21 compared to TWD 3.83 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. 
