Froch Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 02, 2020 at 10:42 pm IST
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Froch Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,762.954 million compared to TWD 3,196.736 million a year ago. Operating income was TWD 99.181 million compared to TWD 184.930 million a year ago. Net income was TWD 64.815 million compared to TWD 104.279 million a year ago. Basic earnings per share was TWD 0.22 compared to TWD 0.36 a year ago. For the nine months, sales was TWD 7,727.450 million compared to TWD 9,147.501 million a year ago. Operating income was TWD 95.292 million compared to TWD 385.027 million a year ago. Net income was TWD 4.145 million compared to TWD 205.256 million a year ago. Basic earnings per share was TWD 0.01 compared to TWD 0.72 a year ago.
Froch Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of stainless steel pipes, steel pipes, copper pipes, aluminum pipes and related products. The Company mainly provides stainless steel pipes, stainless steel coils and carbon steels. The Company distributes its products within Taiwan market and to Europe, the rest of Asia and North America markets.