Kwong Lung Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 08, 2020 at 12:44 pm EST
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Kwong Lung Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,551.207 million compared to TWD 3,183.501 million a year ago. Operating income was TWD 163.791 million compared to TWD 261.376 million a year ago. Net income was TWD 128.172 million compared to TWD 230.886 million a year ago. Basic earnings per share was TWD 0.98 compared to TWD 1.9 a year ago. Diluted earnings per share was TWD 0.86 compared to TWD 1.78 a year ago. For the nine months, sales was TWD 7,215.075 million compared to TWD 8,370.752 million a year ago. Operating income was TWD 437.135 million compared to TWD 536.941 million a year ago. Net income was TWD 331.868 million compared to TWD 471.420 million a year ago. Basic earnings per share was TWD 2.19 compared to TWD 4.1 a year ago. Diluted earnings per share was TWD 1.91 compared to TWD 3.65 a year ago.
Kwong Lung Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the cleaning and processing of down materials, as well as the processing of garments. The company is also engaged in the manufacture and sales of feather bedding and home textile products. The company's garments mainly include jackets, warm clothes, outdoor functional sleeping bags and military clothing. The Company mainly distributes its products in Asia, the Americas and other markets.
KWONG LUNG ENTERPRISE CO., LTD. 
