Tung Ho Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 02:44 am IST
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Tung Ho Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was TWD 216.992 million compared to TWD 243.682 million a year ago. Operating loss was TWD 10.781 million compared to operating Income of TWD 1.046 million a year ago. Net loss was TWD 6.947 million compared to net income of TWD 10.164 million a year ago. Basic loss per share was TWD 0.03 compared to basic earnings per share of TWD 0.05 a year ago. For the half year, total revenue was TWD 428.129 million compared to TWD 505.154 million a year ago. Operating loss was TWD 25.314 million compared to operating Income of TWD 6.747 million a year ago. Net loss was TWD 18.776 million compared to net income of TWD 15.620 million a year ago. Basic loss per share was TWD 0.08 compared to basic earnings per share of TWD 0.07 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. 
