Yao I Fabric Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 05:22 pm IST
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Yao I Fabric Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 500.495 million compared to TWD 441.627 million a year ago. Operating loss was TWD 26.070 million compared to operating Income of TWD 27.182 million a year ago. Net income was TWD 379.136 million compared to TWD 29.561 million a year ago. Basic earnings per share was TWD 6.74 compared to TWD 0.53 a year ago. Diluted earnings per share was TWD 6.68 compared to TWD 0.52 a year ago. For the nine months, sales was TWD 1,515.882 million compared to TWD 1,431.728 million a year ago. Operating income was TWD 17.765 million compared to TWD 106.616 million a year ago. Net income was TWD 416.068 million compared to TWD 105.324 million a year ago. Basic earnings per share was TWD 7.39 compared to TWD 1.87 a year ago. Diluted earnings per share was TWD 7.31 compared to TWD 1.87 a year ago.
Yao I Fabric CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and sales of line products. The Companyâs primary products include fishing lines, trimmer lines, nylon lines, industrial lines, battledore lines and tennis racket lines. The Company is also engaged in the provision of elastic bands and non-woven fabrics. The Company's finishing lines are primarily used for freshwater fishing, sea fishing, stream fishing, river fishing and rock fishing. Its industrial lines are applied in lawnmowers and fasten tapes. The Company mainly distributes its products in Asia, the Americas and Europe.
YAO I FABRIC CO., LTD. 
