Formosa Optical Technology Co. Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 05:37 pm IST
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Formosa Optical Technology Co. Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 832.415 million compared to TWD 776.226 million a year ago. Operating income was TWD 44.322 million compared to TWD 45.704 million a year ago. Net income was TWD 95.580 million compared to TWD 72.780 million a year ago. Basic earnings per share was TWD 1.59 compared to TWD 1.21 a year ago. For the nine months, sales was TWD 2,410.512 million compared to TWD 2,274.232 million a year ago. Operating income was TWD 126.372 million compared to TWD 125.293 million a year ago. Net income was TWD 247.860 million compared to TWD 175.819 million a year ago. Basic earnings per share was TWD 4.13 compared to TWD 2.93 a year ago. Diluted earnings per share was TWD 4.12 compared to TWD 2.92 a year ago.
Formosa Optical Technology Co., Ltd. is a Taiwan-based company principally engaged in the provision of frames, optometry services for spectacles and contact lens, as well as the trading of eye drops. The Company provides frames, including optical frames and sunglasses frames; lenses, including near-sighted lenses, astigmatism lenses, far-sighted lenses, asymptotic multi-focal lenses and sunglasses lenses; contact lenses, including long wear contact lenses, disposable contact lenses, astigmatism contact lenses and corneal discoloration contact lenses, as well as various eye drops and optometry services. The Company distributes its products in the domestic market and to overseas markets.