Yao I Fabric Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 01:50 pm EST
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Yao I Fabric Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 579.280 million compared to TWD 500.495 million a year ago. Operating loss was TWD 20.229 million compared to TWD 26.070 million a year ago. Net loss was TWD 18.560 million compared to net income of TWD 379.136 million a year ago. Basic loss per share was TWD 0.33 compared to basic earnings per share of TWD 6.74 a year ago. Diluted loss per share was TWD 0.33 compared to diluted earnings per share of TWD 6.68 a year ago. For the nine months, sales was TWD 1,404.731 million compared to TWD 1,515.882 million a year ago. Operating loss was TWD 78.037 million compared to operating Income of TWD 17.765 million a year ago. Net loss was TWD 49.234 million compared to net income of TWD 416.068 million a year ago. Basic loss per share was TWD 0.87 compared to basic earnings per share of TWD 7.39 a year ago. Diluted loss per share was TWD 0.87 compared to diluted earnings per share of TWD 7.31 a year ago.
Yao I Fabric CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and sales of line products. The Companyâs primary products include fishing lines, trimmer lines, nylon lines, industrial lines, battledore lines and tennis racket lines. The Company is also engaged in the provision of elastic bands and non-woven fabrics. The Company's finishing lines are primarily used for freshwater fishing, sea fishing, stream fishing, river fishing and rock fishing. Its industrial lines are applied in lawnmowers and fasten tapes. The Company mainly distributes its products in Asia, the Americas and Europe.
YAO I FABRIC CO., LTD. 
