Formosa Oilseed Processing Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 06:04 pm IST
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Formosa Oilseed Processing Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,521.191 million compared to TWD 2,741.202 million a year ago. Operating income was TWD 146.176 million compared to TWD 125.256 million a year ago. Net income was TWD 85.724 million compared to TWD 91.855 million a year ago. Basic earnings per share was TWD 0.39 compared to TWD 0.42 a year ago. For the nine months, sales was TWD 7,528.125 million compared to TWD 7,873.274 million a year ago. Operating income was TWD 327.429 million compared to TWD 318.189 million a year ago. Net income was TWD 227.752 million compared to TWD 242.607 million a year ago. Basic earnings per share was TWD 1.04 compared to TWD 1.11 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.
FORMOSA OILSEED PROCESSING CO., LTD. 
