Nien Hsing Textile Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 07, 2019 at 03:46 am IST
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Nien Hsing Textile Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TWD 2,196.387 million compared to TWD 2,402.594 million a year ago. Net loss was TWD 12.368 million compared to net income of TWD 154.954 million a year ago. Basic loss per share was TWD 0.06 compared to basic earnings per share of TWD 0.78 a year ago. For the nine months, total revenue was TWD 6,508.944 million compared to TWD 6,436.105 million a year ago. Net loss was TWD 17.106 million compared to net income of TWD 277.000 million a year ago. Basic loss per share was TWD 0.09 compared to basic earnings per share of TWD 1.4 a year ago.
NIEN HSING TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of garments and textile products. The products of the Company include denim and casual wear, denim cloth, casual cloth and ring-spun yarns. The Company operates through two segments, including textile segment and garment segment. The Company operates businesses in Taiwan, the Americas, Africa and Asia, among others.