Shinkong Textile Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 09:17 am EST
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Shinkong Textile Co.,Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TWD 508.003 million compared to TWD 409.032 million a year ago. Operating income was TWD 13.614 million compared to operating loss of TWD 3.539 million a year ago. Net income was TWD 287.611 million compared to TWD 257.418 million a year ago. Basic earnings per share was TWD 0.96 compared to TWD 0.86 a year ago. For the nine months, total revenue was TWD 1,377.251 million compared to TWD 1,132.303 million a year ago. Operating income was TWD 37.624 million compared to operating loss of TWD 57.675 million a year ago. Net income was TWD 338.952 million compared to TWD 254.199 million a year ago. Basic earnings per share was TWD 1.13 compared to TWD 0.85 a year ago.
SHINKONG TEXTILE CO., LTD is a Taiwan-based company principally engaged in the manufacture and sales of textile products. The Companyâs products include garments, high performance outdoor fabrics, high performance sports fabrics, fashion fabrics and multifunctional blended fabrics. The Company operates through three segments. The Marketing segment is engaged in the sales of finished fabrics and exporting businesses. The Retailing segment is engaged in the agency of PGA TOUR brand and ADIDAS GOLF brand, the proprietary operation of ARTIFACTS brand and ART HAUS brand, as well as the design and manufacture of group uniforms. The Construction segment is engaged in the land development businesses and the leasing and sales of properties. The Company operates businesses in Taiwan, Vietnam and China, among others.
SHINKONG TEXTILE CO.,LTD 
