Yung Chi Paint & Varnish Mfg.Co.,Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 01:53 am IST
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Yung Chi Paint & Varnish Mfg.Co.,Ltd announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 1,858.652 million compared to TWD 1,874.404 million a year ago. Operating income was TWD 233.884 million compared to TWD 168.788 million a year ago. Net income was TWD 195.765 million compared to TWD 157.233 million a year ago. Basic earnings per share was TWD 1.21 compared to TWD 0.97 a year ago. For the half year, total revenue was TWD 3,770.154 million compared to TWD 3,772.018 million a year ago. Operating income was TWD 439.166 million compared to TWD 354.910 million a year ago. Net income was TWD 379.250 million compared to TWD 299.490 million a year ago. Basic earnings per share was TWD 2.34 compared to TWD 1.85 a year ago.
YUNG CHI PAINT & VARNISH MFG. CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of paint products. The Company provides paint, including construction paint, anti-corrosion paint, ship paint, special purpose paint, can paint, steel roll paint, nuclear power paint and others, as well as fire-proof construction materials, including coatings and mixed fire-proof materials. The Company is also involved in undertaking of painting projects. The Company distributes its products in domestic market and to overseas markets.