Taiwan Fructose Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 02:54 pm EST
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Taiwan Fructose Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,007.909 million compared to TWD 1,056.693 million a year ago. Operating income was TWD 83.677 million compared to TWD 37.168 million a year ago. Net income was TWD 49.233 million compared to TWD 15.726 million a year ago. Basic earnings per share was TWD 0.3 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 2,926.127 million compared to TWD 3,054.405 million a year ago. Operating income was TWD 254.887 million compared to TWD 124.753 million a year ago. Net income was TWD 140.289 million compared to TWD 41.393 million a year ago. Basic earnings per share was TWD 0.84 compared to TWD 0.24 a year ago.
TAIWAN FRUCTOSE CO., LTD. is a Taiwan-based company principally engaged in the production, processing and sales of fructose and maltose. The Companyâs primary products include fructose, maltose, oligosaccharide, maltodextrin, sorbierite, crystalline dextrose and starch. The Company's products are mainly used for the production of beverage, dairy products, ice-cream, desserts, baking food and soy sauce. The Company mainly distributes its products in Taiwan market.