Kaori Heat Treatment Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 08, 2020 at 01:05 pm EST
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Kaori Heat Treatment Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 439.738 million compared to TWD 593.555 million a year ago. Operating income was TWD 27.680 million compared to TWD 85.424 million a year ago. Net income was TWD 20.024 million compared to TWD 64.582 million a year ago. Basic earnings per share was TWD 0.22 compared to TWD 0.72 a year ago. For the nine months, sales was TWD 1,461.733 million compared to TWD 1,626.888 million a year ago. Operating income was TWD 117.224 million compared to TWD 188.898 million a year ago. Net income was TWD 97.767 million compared to TWD 156.711 million a year ago. Basic earnings per share was TWD 1.09 compared to TWD 1.75 a year ago.
Kaori Heat Treatment Co Ltd is a Taiwan-based company mainly engaged in the heat treatment business. The main products include thermal energy products, plate heat exchangers, and metal products and processing. Thermal energy products include new energy fuel gas recombiners, core reactor furnace parts for refractory batteries, refrigerated air dryers, core reactor furnace parts for burner batteries, and others. The plate heat exchanger is mainly used in the refrigeration and air-conditioning industry, air pressure, hydraulic machinery industry, food industry, high frequency furnace industry, boiler industry, rubber and plastic industry, fuel cell, electric vehicle and other general industries. The processing of metal products is mainly for welding of automobile, locomotive and air-conditioning appliances, as well as annealing and solid solution of stainless steel pipes and electric heating pipes. The Company distributes products in domestic market and to overseas markets.
KAORI HEAT TREATMENT CO., LTD. 
