Test-Rite International Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 10:40 pm EDT
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Test-Rite International Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 10,672.005 million compared to TWD 9,334.961 million a year ago. Operating income was TWD 384.829 million compared to TWD 151.849 million a year ago. Net income was TWD 255.674 million compared to net loss of TWD 382.049 million a year ago. Basic earnings per share from continuing operations was TWD 0.52 compared to basic loss per share from continuing operations of TWD 0.75 a year ago. Diluted earnings per share was TWD 0.52 compared to diluted loss per share of TWD 0.75 a year ago. For the half year, sales was TWD 19,887.830 million compared to TWD 19,213.795 million a year ago. Operating income was TWD 596.113 million compared to TWD 464.067 million a year ago. Net income was TWD 377.743 million compared to net loss of TWD 203.903 million a year ago. Basic earnings per share from continuing operations was TWD 0.76 compared to basic loss per share from continuing operations of TWD 0.4 a year ago. Diluted earnings per share was TWD 0.76 compared to diluted loss per share of TWD 0.4 a year ago.
Test Rite International Co Ltd is a Taiwan-based company principally engaged in the retailing of household products and the trading of daily goods. The trading business is engaged in the import and export business and agency business of department store products, covering hardware tools, DIY hand tools, bathroom and storage products, stationery products, household appliances and living goods, outdoor furniture, gardening, barbecue products. The retail business is directly facing consumers mainly located in Taiwan and China in the home furnishings, home repair, mattress and bedding sales business, comprehensive home integration services and brand agency business. The affiliated business groups include design teams for product design, packaging design, and industrial design; construction teams for store construction, office building construction, investment promotion, and logistics and warehousing services in China, Taiwan, the United States, and Europe.
TEST-RITE INTERNATIONAL CO., LTD. 