Kwang Ming Silk Mill Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 02:32 am IST
Share
Kwang Ming Silk Mill Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 171.945 million compared to TWD 239.476 million a year ago. Operating income was TWD 2.424 million compared to TWD 574.414 million a year ago. Net loss was TWD 16.121 million compared to net income of TWD 539.008 million a year ago. Basic loss per share was TWD 0.4 compared to basic earnings per share of TWD 13.32 a year ago. Diluted loss per share was TWD 0.4 compared to diluted earnings per share of TWD 13.27 a year ago.
Kwang Ming Silk Mill Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of cloth. The Companyâs primary products include cotton cloth, artificial fibers, nylon fabrics, silk, polyester fabrics and weaving fabrics, among others. The Companyâs products are mainly used in the production of wedding dresses, garments, sports, casual wears, household decorations, curtains, industrial fabrics, recyclable polyester textiles and lining cloth, among others. The Company is also involved in the processing of fabrics, as well as the purchasing and distribution of fabric raw materials and products. The Company mainly operates its businesses in Taiwan.
KWANG MING SILK MILL CO., LTD. 
