Taiwan Taffeta Fabric Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 07:14 pm IST
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Taiwan Taffeta Fabric Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 239.682 million compared to TWD 511.886 million a year ago. Operating loss was TWD 44.429 million compared to operating Income of TWD 26.649 million a year ago. Net loss was TWD 24.981 million compared to net income of TWD 23.900 million a year ago. Basic loss per share was TWD 0.2 compared to basic earnings per share of TWD 0.19 a year ago. For the half year, sales was TWD 631.985 million compared to TWD 983.923 million a year ago. Operating loss was TWD 45.878 million compared to operating Income of TWD 32.802 million a year ago. Net loss was TWD 24.548 million compared to net income of TWD 32.765 million a year ago. Basic loss per share was TWD 0.2 compared to basic earnings per share of TWD 0.26 a year ago.
TAIWAN TAFFETA FABRIC CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of fabrics and yarn products. The businesses of the Company include the manufacture, sales and trading of finished polyester fabrics, the manufacture, sales and trading of polyester gray fabrics, the trading of yarn materials, the provision of original equipment manufacturer (OEM) services, as well as the development, leasing and sales of residential properties. The Company operates through four segments, including cotton mill segment, fabric mill segment, construction segment and accessories and garments segment. The Company operates businesses in domestic market and other markets, such as Asia, Europe, America and Africa.
TAIWAN TAFFETA FABRIC CO., LTD. 
