Jinan Acetate Chemical Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 07:06 pm EDT
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Jinan Acetate Chemical Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 549.330 million compared to TWD 414.866 million a year ago. Operating income was TWD 107.601 million compared to TWD 14.847 million a year ago. Net income was TWD 56.223 million compared to TWD 33.850 million a year ago. Basic earnings per share was TWD 1.22 compared to TWD 0.73 a year ago. For the half year, sales was TWD 1,007.070 million compared to TWD 850.201 million a year ago. Operating income was TWD 160.280 million compared to TWD 51.872 million a year ago. Net income was TWD 125.876 million compared to TWD 111.203 million a year ago. Basic earnings per share was TWD 2.74 compared to TWD 2.39 a year ago. Diluted earnings per share was TWD 2.74 compared to TWD 1.28 a year ago.
Jinan Acetate Chemical Co., LTD. is an acetate tow manufacturer. The Company and its subsidiaries are principally engaged in research and development, manufacturing and sale of acetate tow. The Company's main product is cellulose acetate tow, which is applied in filters, reverse osmosis films, hollow fibers, acetate fibers for textile, and other fileds.