Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 03, 2020 at 02:40 pm EST
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Kwang Ming Silk Mill Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was TWD 845.034 million compared to TWD 1,098.049 million a year ago. Operating income was TWD 589.637 million compared to TWD 85.120 million a year ago. Net income was TWD 551.761 million compared to TWD 76.075 million a year ago. Basic earnings per share was TWD 13.64 compared to TWD 1.88 a year ago. Diluted earnings per share was TWD 13.58 compared to TWD 1.88 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.