Lan Fa Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019 at 04:07 pm EDT
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Lan Fa Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 835.676 million compared to TWD 908.992 million a year ago. Operating loss was TWD 28.616 million compared to TWD 21.568 million a year ago. Net loss was TWD 60.226 million compared to net income of TWD 113.745 million a year ago. Basic loss per share was TWD 0.19 compared to basic earnings per share of TWD 0.36 a year ago. For the half year, sales was TWD 1,751.194 million compared to TWD 1,785.401 million a year ago. Operating loss was TWD 69.986 million compared to TWD 45.809 million a year ago. Net income was TWD 10.159 million compared to TWD 136.223 million a year ago. Basic earnings per share was TWD 0.03 compared to TWD 0.43 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. 
