U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 08:41 am EDT
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U-Best Innovative Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 339.183 million compared to TWD 722.639 million a year ago. Operating loss was TWD 24.343 million compared to operating Income of TWD 24.748 million a year ago. Net income was TWD 61.768 million compared to TWD 103.943 million a year ago. Basic earnings per share was TWD 0.54 compared to TWD 0.93 a year ago. Diluted earnings per share was TWD 0.54 compared to TWD 0.79 a year ago. Basic loss per share from continuing operations was TWD 0.05 compared to basic earnings per share from continuing operations of TWD 0.42 a year ago. Diluted loss per share from continuing operations was TWD 0.05 compared to diluted earnings per share from continuing operations of TWD 0.37 a year ago.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD., formerly U-Best Polymer Industry Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of macromolecule chemical raw materials. The Company is primarily engaged in the production of polyurethane (PU) resins, PU adhesives, nylon resins and polyester polyol. The products are mainly used in the manufacture of PU synthetic leather and artificial leather for footwear, purses and garments, the molding of nylon, the bonding of various fibers, as well as the manufacture of waterproof nylon fabrics for raincoats, suitcases and tents. The Company distributes its products within the domestic market and to overseas markets.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD. 
