Cathay Chemical Works Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 130.601 million compared to TWD 151.564 million a year ago. Operating income was TWD 7.163 million compared to TWD 3.789 million a year ago. Net income was TWD 15.474 million compared to TWD 18.936 million a year ago. Basic earnings per share was TWD 0.1 compared to TWD 0.13 a year ago.