Jinan Acetate Chemical Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 11, 2018 at 04:12 pm EST
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Jinan Acetate Chemical Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was TWD 423.277 million compared to TWD 428.510 million a year ago. Operating income was TWD 52.284 million compared to TWD 37.572 million a year ago. Net income was TWD 48.314 million compared to TWD 5.666 million a year ago. Basic earnings per share was TWD 1.04 compared to TWD 0.12 a year ago.
For the nine months, sales was TWD 1,273.478 million compared to TWD 1,165.669 million a year ago. Operating income was TWD 104.156 million compared to TWD 160.059 million a year ago. Net income was TWD 159.517 million compared to TWD 104.003 million a year ago. Basic earnings per share was TWD 3.43 compared to TWD 2.24 a year ago. Diluted earnings per share was TWD 2.39 compared to TWD 2.24 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.