Xu Yuan Packaging Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 11:08 pm IST
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Xu Yuan Packaging Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 301.813 million compared to TWD 324.908 million a year ago. Operating income was TWD 1.610 million compared to operating loss of TWD 1.845 million a year ago. Net loss was TWD 20.213 million compared to net income of TWD 4.735 million a year ago. Basic loss per share was TWD 0.37 compared to basic earnings per share of TWD 0.09 a year ago. For the half year, sales was TWD 570.379 million compared to TWD 656.638 million a year ago. Operating loss was TWD 21.300 million compared to operating Income of TWD 848,000 a year ago. Net loss was TWD 50.637 million compared to net income of TWD 8.777 million a year ago. Basic loss per share was TWD 0.92 compared to basic earnings per share of TWD 0.16 a year ago.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sale of heat shrinkable film printing labels and label equipment. Heat shrinkable film printed labels are used in beverages, food and other packaging. Labeling equipment includes vertical sleeve labeling machines, thin film sleeve labeling machines, bottle cap sleeve labeling machines, shrinking furnaces, labeling machines, palm press, re-inspection machines, and slicers, mainly used in the caps, bottles and safety signs of beverage, food, dairy products, pharmaceuticals, cosmetics and other bottles. The Company also provides polyvinyl chloride (PVC) transparent heat shrinkable film and PVC heat shrinkable rubber pellets.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. 
