I-Hwa Industrial Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
May 10, 2021 at 02:33 pm EDT
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I-HWA Industrial Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 543.793 million compared to TWD 110.224 million a year ago. Operating income was TWD 140.791 million compared to TWD 7.101 million a year ago. Net income was TWD 119.857 million compared to net loss of TWD 7.448 million a year ago. Basic earnings per share from continuing operations was TWD 1.28 compared to basic loss per share from continuing operations of TWD 0.08 a year ago.
I-HWA INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of textile products. The Company operates businesses through two segments. The Textile segment is engaged in the manufacture and sales of wool yarns, cotton yarns, finished fabrics and dyestuff. Its products are applied in the manufacture of suit fabrics, Japanese kimono, sweaters, knitted fabrics and other garments, among others. This segment is also involved in the provision of original equipment manufacturer (OEM) services. The Real Estates segment is mainly engaged in the investment in the construction of real estates for rental and for sales. The Company mainly operates businesses in domestic market.
I-HWA INDUSTRIAL CO.,LTD 
