Shiny Chemical Industrial Company Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 23, 2020 at 01:18 am IST
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Shiny Chemical Industrial Company Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,858.647 million compared to TWD 1,966.131 million a year ago. Operating income was TWD 349.601 million compared to TWD 268.777 million a year ago. Net income was TWD 291.393 million compared to TWD 245.516 million a year ago. Basic earnings per share was TWD 1.62 compared to TWD 1.36 a year ago. Diluted earnings per share was TWD 1.61 compared to TWD 1.36 a year ago. For the nine months, sales was TWD 5,676.212 million compared to TWD 5,468.806 million a year ago. Operating income was TWD 1,007.022 million compared to TWD 711.400 million a year ago. Net income was TWD 847.740 million compared to TWD 631.734 million a year ago. Basic earnings per share was TWD 4.71 compared to TWD 3.51 a year ago. Diluted earnings per share was TWD 4.68 compared to TWD 3.49 a year ago.
Shiny Chemical Industrial Co., Ltd. is a Taiwan-based company primarily engaged in the manufacture and sales of chemical solvent series products and the trading of raw chemical materials. The Company's solvent series products include electronic grade solvents, industrial grade solvents and formaldehyde series products. The electronic grade solvents include normal butyl acetate, propylene glycol monomethyl ether and acetone. The industrial grade solvents include normal butyl acetate, shinytate, normal propyl acetate, Ibo-Butyl acetate and others. The formaldehyde series products include formalin, urea glue, melamine glue and others. The Company distributes its products in domestic market and to overseas markets, including Korea, Vietnam, Hong Kong and other areas.
SHINY CHEMICAL INDUSTRIAL CO., LTD. 
