Tainan Spinning Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 01:38 am IST
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Tainan Spinning Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 5,694.541 million compared to TWD 6,336.543 million a year ago. Operating loss was TWD 387.146 million compared to operating Income of TWD 285.316 million a year ago. Net loss was TWD 62.789 million compared to net income of TWD 416.885 million a year ago. Basic loss per share was TWD 0.04 compared to basic earnings per share of TWD 0.25 a year ago. For the nine months, sales was TWD 17,314.516 million compared to TWD 18,818.213 million a year ago. Operating loss was TWD 612.534 million compared to operating Income of TWD 884.057 million a year ago. Net income was TWD 59.994 million compared to TWD 1,137.602 million a year ago. Basic earnings per share was TWD 0.04 compared to TWD 0.69 a year ago.
Tainan Spinning Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. The products of the Company include cotton yarn, polyester cotton, polyester granules, ester granules for bottles, polyester filaments, finished polyester filaments and others. The Company operates businesses in China, South Korea, Southeast Asia, Japan, the Americas and others.
TAINAN SPINNING CO., LTD. 
