Zhejiang Double Arrow Rubber Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 04:30 am EDT
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Zhejiang Double Arrow Rubber Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 298.123 million compared to CNY 401.404 million a year ago. Operating income was CNY 64.742 million compared to CNY 64.952 million a year ago. Net income was CNY 53.415 million compared to CNY 52.637 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.13 a year ago.
ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. is a China-based company mainly engaged in the manufacture and sale of rubber conveyor belts. The Companyâs conveyor belts products include steel cord conveyor belts, fire-resistant steel cord conveyor belts, polyester conveyor belts, nylon conveyor belts, cotton and polyester cotton conveyor belts, solid woven conveyor belts, flame retardant conveyor belts for textile construction for general use, heat resistant and high temperature resistant conveyor belts, and chemical resistant conveyor belts, among others. It also produces rubber sheets and hoses. The Company's products are mainly used in coal, power, port, steel, cement and other industries. Through its subsidiaries, it involves in the trading of rubber goods.
ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. 
