Tung Ho Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 06:27 pm EDT
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Tung Ho Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 94.132 million compared to TWD 184.842 million a year ago. Operating income was TWD 1.766 million compared to operating loss of TWD 10.781 million a year ago. Net income was TWD 19.107 million compared to net loss of TWD 6.947 million a year ago. Basic earnings per share was TWD 0.09 compared to basic loss per share of TWD 0.03 a year ago. For the half year, sales was TWD 272.414 million compared to TWD 364.996 million a year ago. Operating loss was TWD 17.760 million compared to TWD 25.314 million a year ago. Net loss was TWD 2.480 million compared to TWD 18.776 million a year ago. Basic loss per share was TWD 0.01 compared to TWD 0.08 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.
TUNG HO TEXTILE CO., LTD. 
