Trinity Precision Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 02:13 pm EDT
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Trinity Precision Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 234.359 million compared to TWD 360.814 million a year ago. Operating loss was TWD 9.455 million compared to operating Income of TWD 7.486 million a year ago. Net loss was TWD 14.636 million compared to net income of TWD 8.079 million a year ago. Basic loss per share was TWD 0.17 compared to basic earnings per share of TWD 0.09 a year ago. For the half year, total revenue was TWD 487.398 million compared to TWD 693.070 million a year ago. Operating loss was TWD 28.007 million compared to TWD 1.729 million a year ago. Net loss was TWD 28.556 million compared to net income of TWD 2.070 million a year ago. Basic loss per share was TWD 0.33 compared to basic earnings per share of TWD 0.02 a year ago.
Trinity Precision Technology Co., Ltd. is a Taiwan-based company principally engaged in the smelting, production, processing, casting and sales of mechanical materials. The Company's main products include automobiles and motorcycles, power tools, industrial machinery, household appliances and supplies and others. The Company's products are mainly used in transportation tools, industrial machinery, home appliances, hardware supplies, national defense, medical industry, nuclear energy and aerospace. The Company distributes its products mainly to overseas markets.