Hold-Key Electric Wire & Cable Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 10:48 pm IST
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Hold-Key Electric Wire & Cable Co. Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,225.642 million compared to TWD 827.651 million a year ago. Operating income was TWD 177.105 million compared to TWD 56.381 million a year ago. Net income was TWD 150.988 million compared to TWD 68.232 million a year ago. Basic earnings per share was TWD 0.63 compared to TWD 0.28 a year ago. For the nine months, sales was TWD 2,211.551 million compared to TWD 1,851.927 million a year ago. Operating income was TWD 179.737 million compared to operating loss of TWD 15.516 million a year ago. Net income was TWD 200.153 million compared to TWD 26.978 million a year ago. Basic earnings per share was TWD 0.83 compared to TWD 0.11 a year ago.
HOLD-KEY ELECTRIC WIRE & CABLE CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and distribution of wires and cables. The Company provides crosslink polyethylene (PE) power cables, plastic wires and cables, communication cables, bare aluminum wires and other products. Its products are applied in the deep processing of wires and cables, as well as electric power transmission and distribution. In addition, it also provides engineering services. The Company distributes its products in domestic and overseas markets, including Europe and the Americas.