Shinkong Textile Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:36 pm EST
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Shinkong Textile Co.,Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 380.858 million compared to TWD 420.450 million a year ago. Operating income was TWD 35.169 million compared to TWD 13.614 million a year ago. Net income was TWD 252.125 million compared to TWD 287.611 million a year ago. Basic earnings per share was TWD 0.84 compared to TWD 0.96 a year ago. For the nine months, sales was TWD 1,200.984 million compared to TWD 1,121.960 million a year ago. Operating income was TWD 68.131 million compared to TWD 37.624 million a year ago. Net income was TWD 277.859 million compared to TWD 338.952 million a year ago. Basic earnings per share was TWD 0.93 compared to TWD 1.13 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 
