Cathay Consolidated, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 03:38 am IST
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Cathay Consolidated, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 327.516 million compared to TWD 339.899 million a year ago. Operating income was TWD 35.562 million compared to TWD 60.785 million a year ago. Net income was TWD 29.438 million compared to TWD 52.194 million a year ago. Basic earnings per share was TWD 0.48 compared to TWD 0.9 a year ago. Diluted earnings per share was TWD 0.48 compared to TWD 0.88 a year ago. For the half year, sales was TWD 712.393 million compared to TWD 642.399 million a year ago. Operating income was TWD 103.451 million compared to TWD 101.885 million a year ago. Net income was TWD 88.543 million compared to TWD 86.696 million a year ago. Basic earnings per share was TWD 1.44 compared to TWD 1.5 a year ago. Diluted earnings per share was TWD 1.44 compared to TWD 1.46 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. 
