Jung Shing Wire Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 12:00 pm EST
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Jung Shing Wire Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 714.042 million compared to TWD 936.950 million a year ago. Operating income was TWD 22.980 million compared to TWD 57.016 million a year ago. Net income was TWD 37.259 million compared to TWD 67.496 million a year ago. Basic earnings per share was TWD 0.26 compared to TWD 0.46 a year ago. For the nine months, sales was TWD 2,124.025 million compared to TWD 2,726.340 million a year ago. Operating income was TWD 42.008 million compared to TWD 144.046 million a year ago. Net income was TWD 75.571 million compared to TWD 170.705 million a year ago. Basic earnings per share was TWD 0.52 compared to TWD 1.18 a year ago.
JUNG SHING WIRE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of electric wires. The Company's electric wires are applied to communications cables, high frequency loops, auto controllers, transformers, motor loops, power-driven motors, illumination appliances, television degaussing coils, microphone coils and solenoid coils. The Company distributes its products within Taiwan market and to Mainland China, Japan and other markets.
JUNG SHING WIRE CO., LTD. 
