Song Ho Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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Song Ho Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 581.141 million compared to TWD 589.422 million a year ago. Operating income was TWD 65.364 million compared to TWD 9.798 million a year ago. Net income was TWD 52.501 million compared to TWD 4.483 million a year ago. Basic earnings per share was TWD 1.06 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 1,762.546 million compared to TWD 1,797.313 million a year ago. Operating income was TWD 154.136 million compared to TWD 82.690 million a year ago. Net income was TWD 118.439 million compared to TWD 60.963 million a year ago. Basic earnings per share was TWD 2.39 compared to TWD 1.23 a year ago. Diluted earnings per share was TWD 2.38 compared to TWD 1.23 a year ago.
SONG HO INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the production and distribution of steel cables, steel wires and rod steel products. The Company is also engaged in the manufacture, construction, installation and maintenance of water equipment. The Companyâs principal products include galvanized steel wires, non-galvanized steel wires, galvanized steel cables, non-galvanized steel cables, inner control cables, steel stranded wires, free cutting steel rods, medium-carbon steel rods, low-carbon steel rods, alloy steel rods and nodularization materials. The Company mainly distributes its products in domestic market and overseas markets, including Japan, Thailand, Vietnam and other countries.