Formosa Oilseed Processing Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 01:32 am IST
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Formosa Oilseed Processing Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was TWD 10,213.493 million compared to TWD 10,646.506 million a year ago. Operating income was TWD 508.157 million compared to TWD 445.828 million a year ago. Net income was TWD 375.757 million compared to TWD 339.004 million a year ago. Basic earnings per share was TWD 1.72 compared to TWD 1.55 a year ago.
FORMOSA OILSEED PROCESSING CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of oil products and feedstuff. The Companyâs products include oil products, feedstuff products, raw material products including cereals and corns, as well as flour products. Its oil products include soybean oil, sunflower oil and palm oil, among others. Its feedstuff products include soybean powder, wheat powder, wheat bran, barley and mixed feedstuff, among others. The Company operates through four segments. Oil segment manufactures, processes and sells soybean oil and soybean powder. Feedstuff segment manufactures, processes and sells feedstuff. Flour segment manufactures, processes and sells flour products. Others segment is engaged in other businesses.