Tsannkuen China Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 23, 2019 at 11:59 am EDT
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TsannKuen China Enterprise Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 414.109 million compared to CNY 319.364 million a year ago. Operating income was CNY 66.882 million compared to of CNY 29.793 million a year ago. Net income was CNY 34.325 million compared to net loss of CNY 21.878 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to basic loss per share from continuing operations of CNY 0.12 a year ago.
Tsann Kuen China Enterprise Co Ltd is a China-based company principally engaged in the development, production and manufacturing of small household appliances. The Company also designs and manufactures molds related to small household appliances, sells products, and provides after-sales services. The Company's main products include small household appliances in categories such as gourmet cooking, home helpers, tea and coffee. The Company's products mainly focus on product functions, smart appliances and scene Internet of Things (IoT) applications. The Company principally conducts its businesses in the domestic market, as well as overseas markets such as the Americas, Europe, Asia, Africa and Australia.