Tung Ho Textile Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 18, 2021 at 02:14 am IST
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Tung Ho Textile Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was TWD 702.471 million compared to TWD 790.778 million a year ago. Operating loss was TWD 12.098 million compared to TWD 64.766 million a year ago. Net income was TWD 58.588 million compared to TWD 36.405 million a year ago. Basic earnings per share from continuing operations was TWD 0.27 compared to TWD 0.17 a year ago.
TUNG HO TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of yarn products. The Company operates through two segments, including yarn segment and investment segment. The Yarn segment is engaged in the manufacture and sales of yarn products. Its yarn products include cotton yarns, blended yarns, environmental friendly yarns, as well as blended yarns with special raw materials or weaved by special methods, such as slub yarns. The Investment segment is engaged in the construction of residential properties for rental and for sale. The Company operates businesses in Taiwan, China and Hong Kong.
TUNG HO TEXTILE CO., LTD. 
