Sheh Kai Precision Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 12:02 pm EDT
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Sheh Kai Precision Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 233.235 million compared to TWD 291.136 million a year ago. Operating income was TWD 27.434 million compared to TWD 54.071 million a year ago. Net income was TWD 18.366 million compared to TWD 42.604 million a year ago. Basic earnings per share was TWD 0.41 compared to TWD 0.95 a year ago. For the half year, sales was TWD 493.683 million compared to TWD 543.009 million a year ago. Operating income was TWD 66.257 million compared to TWD 104.645 million a year ago. Net income was TWD 48.947 million compared to TWD 82.398 million a year ago. Basic earnings per share was TWD 1.09 compared to TWD 1.83 a year ago.
SHEH KAI PRECISION CO., LTD is a Taiwan-based company principally engaged in the production and distribution of screws and wires. The screw products mainly include stainless steel combination self-drilling screws, stainless steel combination half self-tapping screws, stainless steel screws, carbon steel screws and others, which are applied in chemical factories, airport buildings, power systems, heavy industrial factories, residential houses, villas and others. The wire products include stainless steel wires, which are applied in the manufacture of screws, spring wires, strip nails and hardware parts, among others. The Company distributes its products in domestic market and to overseas markets, including Europe, the Americas and the rest of Asia.
SHEH KAI PRECISION CO., LTD. 
