Taiwan Navigation Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 04:10 pm EST
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Taiwan Navigation Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 650.545 million compared to TWD 819.360 million a year ago. Operating income was TWD 134.810 million compared to TWD 171.336 million a year ago. Net income was TWD 72.096 million compared to TWD 179.289 million a year ago. Basic earnings per share was TWD 0.17 compared to TWD 0.43 a year ago. For the nine months, sales was TWD 1,860.097 million compared to TWD 2,364.069 million a year ago. Operating income was TWD 319.883 million compared to TWD 515.354 million a year ago. Net income was TWD 345.667 million compared to TWD 445.678 million a year ago. Basic earnings per share was TWD 0.83 compared to TWD 1.07 a year ago.
Taiwan Navigation Co., Ltd. is a Taiwan-based company principally engaged in the cargo transportation business. The Company operates its businesses through deep sea shipping business, including bulk goods shipping, container shipping and the agent operation of oil tankers; coastal shipping business, including the operation of automobile transportation ships and coal carriers, as well as general port business, including the operation of port tugboats. The Company operates its business in Mainland China, Taiwan, Australia, the Americas, Europe and others.
TAIWAN NAVIGATION CO., LTD. 
