Nien Hsing Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 03:26 pm EDT
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Nien Hsing Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,098.242 million compared to TWD 2,224.415 million a year ago. Operating loss was TWD 253.940 million compared to TWD 70.545 million a year ago. Net loss was TWD 153.002 million compared to TWD 15.620 million a year ago. Basic loss per share was TWD 0.78 compared to TWD 0.08 a year ago. For the half year, sales was TWD 2,978.010 million compared to TWD 4,316.332 million a year ago. Operating loss was TWD 365.127 million compared to TWD 86.469 million a year ago. Net loss was TWD 385.560 million compared to TWD 4.738 million a year ago. Basic loss per share was TWD 1.95 compared to TWD 0.02 a year ago.
NIEN HSING TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of garments and textile products. The products of the Company include denim and casual wear, denim cloth, casual cloth and ring-spun yarns. The Company operates through two segments, including textile segment and garment segment. The Company operates businesses in Taiwan, the Americas, Africa and Asia, among others.
NIEN HSING TEXTILE CO., LTD. 
