Cathay Consolidated, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 08:56 pm IST
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Cathay Consolidated, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 436.272 million compared to TWD 384.877 million a year ago. Operating income was TWD 61.972 million compared to TWD 67.889 million a year ago. Net income was TWD 51.030 million compared to TWD 59.105 million a year ago. Basic earnings per share from continuing operations was TWD 0.75 compared to TWD 0.97 a year ago.
CATHAY CONSOLIDATED INC. is engaged in the development and production of environmentally friendly materials TPU functional fabrics and finished products. The Company is mainly engaged in the leather fabric business and the finished component business. The leather fabric business is mainly engaged in the production of high-tech polyurethane including functional leather fabrics and film defects according to the physical properties and chemical properties of TPU. Its products can also be applied to the four products: outdoor, medical, life-saving and industrial. The products include sleeping bags, medical grade inflatable beds, aviation escape slides, automotive airbags, among others. The finished component business is engaged in the production of inflatable products for various industries, and provision of full services and solutions for customers in the hospitality, outdoor and other finished components. The Company distributes its products in Taiwan, the Americas and Asia.
CATHAY CONSOLIDATED, INC. 
