New Best Wire Industrial Co.,Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 02:21 pm EST
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New Best Wire Industrial Co.,Ltd announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 1,570.737 million compared to TWD 1,919.608 million a year ago. Operating income was TWD 101.536 million compared to TWD 143.448 million a year ago. Net income was TWD 48.492 million compared to TWD 63.399 million a year ago. Basic earnings per share was TWD 0.36 compared to TWD 0.48 a year ago. For the nine months, sales was TWD 4,506.869 million compared to TWD 5,856.229 million a year ago. Operating income was TWD 236.161 million compared to TWD 519.418 million a year ago. Net income was TWD 108.283 million compared to TWD 242.118 million a year ago. Basic earnings per share was TWD 0.81 compared to TWD 1.81 a year ago.
NEW BEST WIRE INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of wire products. The Company provides carbon steel wires, black iron wires, stainless steel wires, alloy wires, electrolytic polishing tubes and others. The Company's products are mainly applied in hardware products, automobile components, semiconductors, biological products, tools, chemical products, food industry and others. The Company distributes its products within domestic market and to overseas markets.