Ching Chan Optical Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 01:46 am IST
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Ching Chan Optical Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 86.135 million compared to TWD 148.279 million a year ago. Operating loss was TWD 24.510 million compared to operating Income of TWD 9.376 million a year ago. Net loss was TWD 41.067 million compared to net income of TWD 3.180 million a year ago. Basic loss per share was TWD 1.15 compared to basic earnings per share of TWD 0.09 a year ago. For the half year, sales was TWD 218.416 million compared to TWD 314.103 million a year ago. Operating loss was TWD 47.399 million compared to operating Income of TWD 33.575 million a year ago. Net loss was TWD 64.004 million compared to net income of TWD 27.419 million a year ago. Basic loss per share was TWD 1.79 compared to basic earnings per share of TWD 0.75 a year ago. Diluted loss per share was TWD 1.79 compared to diluted earnings per share of TWD 0.74 a year ago.
CHING CHAN OPTICAL TECHNOLOGY CO., LTD. is a Taiwan-based company mainly engaged in research, design, manufacture and sales of optical sorting machine used for detection of fasteners, as well as manufacture and sales of fastener former machines. The Company's main products contain optical sorting machines and fastener former machines. Optical sorting machines contain rotary disk sorting machines, eddy current sorting machines, conveyor sorting machines, glass dial sorting machines and first article inspection machines. Fastener former machines contain screw formers, bolt parts formers and others. It also engaged in sales, maintenance and after-sales service of hopper, conveyor system, packaging machine and other peripheral equipment for sorting machines.
CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 