Shieh Yih Machinery Industry Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 11:32 pm IST
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Shieh Yih Machinery Industry Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 782.305 million compared to TWD 788.396 million a year ago. Operating loss was TWD 44.238 million compared to TWD 3.276 million a year ago. Net loss was TWD 8.371 million compared to net income of TWD 12.775 million a year ago. Basic loss per share was TWD 0.05 compared to basic earnings per share of TWD 0.08 a year ago. For the half year, sales was TWD 1,268.695 million compared to TWD 1,475.124 million a year ago. Operating loss was TWD 74.021 million compared to TWD 27.351 million a year ago. Net loss was TWD 2.134 million compared to net income of TWD 721,000 a year ago. Basic loss per share was TWD 0.01.
SHIEH YIH MACHINERY INDUSTRY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of forming machines. The Companyâs primary products include various types of punch and related automatic peripherals. The Companyâs products are mainly used during the manufacture of steam locomotive, air conditions, home appliances, kitchen utensils, electronic equipment, computers, televisions (TVs), mobile phones, as well as the aerospace, medical, machinery and construction industries. The Company mainly operates through two business segments: the sales and maintenance of equipment segment and others segment. The Company mainly distributes its products in domestic market and overseas markets, including the Mainland China and others.
SHIEH YIH MACHINERY INDUSTRY CO., LTD. 
