Hwa Fong Rubber Ind. Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 29, 2020 at 09:02 pm IST
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Hwa Fong Rubber Ind. Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was TWD 5,264.937 million compared to TWD 5,256.328 million a year ago. Operating income was TWD 365.506 million compared to TWD 45.599 million a year ago. Net income was TWD 10.891 million compared to net loss of TWD 253.461 million a year ago. Basic earnings per share was TWD 0.03 compared to basic loss per share of TWD 0.76 a year ago.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.