Lan Fa Textile Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 04:04 pm EDT
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Lan Fa Textile Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 561.247 million compared to TWD 915.518 million a year ago. Operating loss was TWD 36.653 million compared to TWD 41.370 million a year ago. Net loss was TWD 345.472 million compared to net income of TWD 70.385 million a year ago. Basic loss per share was TWD 1.09 compared to basic earnings per share of TWD 0.22 a year ago.
LAN FA TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of textured polyester yarns. The Companyâs products include set yarns, stretch yarns, non-torque yarns, high-count yarns, less torque yarns, micro-fibers, non-sizing yarns, dimity-like yarns, fire-retardant finished yarns, matt yarns and environmental friendly yarns, among others. The Company operates through three segments, including false twisting plant in Chupei segment, false twisting plant in Hangzhou segment and others segment. The Company mainly operates businesses in the domestic market.
LAN FA TEXTILE CO., LTD. 
