Jenn Feng Industrial Tools Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 03:21 am EST
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Jenn Feng Industrial Tools Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 50.01 million compared to TWD 85.04 million a year ago. Net loss was TWD 32.41 million compared to TWD 5.58 million a year ago. Basic loss per share from continuing operations was TWD 0.6 compared to TWD 0.23 a year ago.
For the nine months, sales was TWD 158.64 million compared to TWD 201.93 million a year ago. Net loss was TWD 25.45 million compared to TWD 27.42 million a year ago. Basic loss per share from continuing operations was TWD 0.63 compared to TWD 1.28 a year ago.
Jenn Feng Industrial Tools Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of electrical tools and lamps. The main products include electric drills, grinding machines, automotive lamps and other components. Electric drills are mainly used for drilling, drilling, or screw locking in woodworking materials, metal, and cement walls. The grinding machines are mainly used for surface polishing of woodworking and metal materials. Automobile lamps are mainly used for reading lighting on the car to improve the visibility of the car at night or in bad weather. The Company also provides replacement of damaged hand tool parts.
JENN FENG INDUSTRIAL TOOLS CO., LTD. 
