Kung Long Batteries Industrial Co., Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 01, 2019 at 02:30 am IST
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Kung Long Batteries Industrial Co. Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 1,931.199 million compared to TWD 2,211.413 million a year ago. Operating income was TWD 305.235 million compared to TWD 369.716 million a year ago. Net income was TWD 252.821 million compared to TWD 286.505 million a year ago. Basic earnings per share was TWD 3.09 compared to TWD 3.51 a year ago. Diluted earnings per share was TWD 3.09 compared to TWD 3.49 a year ago. For the nine months, sales was TWD 5,945.381 million compared to TWD 6,379.157 million a year ago. Operating income was TWD 957.723 million compared to TWD 957.089 million a year ago. Net income was TWD 766.904 million compared to TWD 785.421 million a year ago. Basic earnings per share was TWD 9.38 compared to TWD 9.61 a year ago. Diluted earnings per share was TWD 9.34 compared to TWD 9.57 a year ago.
KUNG LONG BATTERIES INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing, assembly and trading of storage batteries. The Companyâs primary products include sealed lighting batteries, locomotive batteries, automobile batteries and related raw materials. The Companyâs products are mainly used in uninterruptible power supply (UPS) devices, medical equipment, communication devices, firefighting equipment, wireless telephone apparatuses, lightening products, electronic equipment and toy cars, among others. The Company operates through three business segments: Taiwan segment, Vietnam segment and others segment. The Company mainly distributes its products within domestic market and to overseas markets, including the Americas, Europe, the rest of Asia and others.
KUNG LONG BATTERIES INDUSTRIAL CO.,LTD 
