Ruentex Development Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 03:56 pm EDT
Share
Ruentex Development Co.,Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 3,769.339 million compared to TWD 4,394.351 million a year ago. Operating income was TWD 438.139 million compared to TWD 540.886 million a year ago. Net income was TWD 1,473.720 million compared to TWD 3,860.735 million a year ago. Basic earnings per share was TWD 1.52 compared to TWD 3.98 a year ago. For the half year, sales was TWD 7,628.447 million compared to TWD 7,945.477 million a year ago. Operating income was TWD 781.761 million compared to TWD 928.324 million a year ago. Net income was TWD 4,430.337 million compared to TWD 6,015.596 million a year ago. Basic earnings per share was TWD 4.57 compared to TWD 6.2 a year ago.
Ruentex Development Co Ltd is a Taiwan-based company mainly engaged in the construction business. The Company operates through five business segments. The Construction segment is engaged in the land development business, as well as the investment and construction of residential buildings, villas, office buildings and commercial buildings. The Commercial Real Estate segment is engaged in the leasing of commercial real estate. The Construction Materials segment is engaged in the trading of construction materials such as cement and others. The Volume Sales segment is engaged in the operation of department stores, the logistics business, as well as the retail of various groceries, clothing, electrical appliances, fresh products and others. The Company is also engaged in the operation of Other segment. The Company mainly operates in the Taiwan market.
RUENTEX DEVELOPMENT CO.,LTD. 
