Jenn Feng New Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 01:54 am IST
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Jenn Feng New Energy Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 55.388 million compared to TWD 77.838 million a year ago. Operating loss was TWD 27.173 million compared to TWD 28.466 million a year ago. Net income was TWD 80.525 million compared to net loss of TWD 46.849 million a year ago. Basic earnings per share was TWD 1.43 compared to basic loss per share of TWD 0.83 a year ago.
Jenn Feng Industrial Tools Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of electrical tools and lamps. The main products include electric drills, grinding machines, automotive lamps and other components. Electric drills are mainly used for drilling, drilling, or screw locking in woodworking materials, metal, and cement walls. The grinding machines are mainly used for surface polishing of woodworking and metal materials. Automobile lamps are mainly used for reading lighting on the car to improve the visibility of the car at night or in bad weather. The Company also provides replacement of damaged hand tool parts.
JENN FENG INDUSTRIAL TOOLS CO., LTD. 
