U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 01:18 am IST
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U-Best Innovative Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 28.101 million compared to TWD 104.389 million a year ago. Operating loss was TWD 23.318 million compared to TWD 10.795 million a year ago. Net loss was TWD 13.036 million compared to net income of TWD 26.147 million a year ago. Basic loss per share from continuing operations was TWD 0.13 compared to TWD 0.21 a year ago. Basic loss per share was TWD 0.13 compared to basic earnings per share of TWD 0.25 a year ago. For the half year, sales was TWD 183.677 million compared to TWD 213.392 million a year ago. Operating loss was TWD 5.897 million compared to TWD 15.375 million a year ago. Net income was TWD 57.311 million compared to TWD 28.379 million a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to TWD 0.21 a year ago. Basic earnings per share was TWD 0.55 compared to TWD 0.28 a year ago.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD., formerly U-Best Polymer Industry Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of macromolecule chemical raw materials. The Company is primarily engaged in the production of polyurethane (PU) resins, PU adhesives, nylon resins and polyester polyol. The products are mainly used in the manufacture of PU synthetic leather and artificial leather for footwear, purses and garments, the molding of nylon, the bonding of various fibers, as well as the manufacture of waterproof nylon fabrics for raincoats, suitcases and tents. The Company distributes its products within the domestic market and to overseas markets.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD. 
