I-Hwa Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 06:56 am EST
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I-HWA Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 121.720 million compared to TWD 153.822 million a year ago. Operating income was TWD 10.364 million compared to TWD 17.265 million a year ago. Net loss was TWD 4.020 million compared to net income of TWD 3.031 million a year ago. Basic loss per share was TWD 0.04 compared to basic earnings per share of TWD 0.03 a year ago. For the nine months, sales was TWD 591.605 million compared to TWD 358.157 million a year ago. Operating income was TWD 39.059 million compared to TWD 23.654 million a year ago. Net loss was TWD 3.939 million compared to TWD 21.546 million a year ago. Basic loss per share was TWD 0.04 compared to TWD 0.23 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 
