Cathay Consolidated, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 09:06 am IST
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Cathay Consolidated, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 1,531.351 million compared to TWD 1,442.715 million a year ago. Operating income was TWD 249.768 million compared to TWD 220.614 million a year ago. Net income was TWD 196.227 million compared to TWD 180.523 million 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. 
