Zig Sheng Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 09:12 pm IST
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Zig Sheng Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,284.033 million compared to TWD 3,005.263 million a year ago. Operating loss was TWD 317.419 million compared to TWD 46.096 million a year ago. Net loss was TWD 165.894 million compared to net income of TWD 7.501 million a year ago. Basic loss per share was TWD 0.28 compared to basic earnings per share of TWD 0.01 a year ago. For the half year, sales was TWD 3,428.368 million compared to TWD 6,548.335 million a year ago. Operating loss was TWD 399.070 million compared to TWD 129.656 million a year ago. Net loss was TWD 367.674 million compared to net income of TWD 10.720 million a year ago. Basic loss per share was TWD 0.61 compared to basic earnings per share of TWD 0.02 a year ago.
Zig Sheng Industrial Co Ltd is a Taiwan-based company mainly engaged in the production and sale of nylon chips, nylon filaments, polyester processed yarn, polyester air-twisted processed yarn, nylon processed yarn, nylon air-twisted processed yarn, and composite materials. Polyester and nylon processed yarn products include shaped processed yarn, stretch polyester processed yarn, two-color or three-color polyester imitation wool yarn, high stretch polyester processed yarn, high elastic stretch yarn, and basic processed yarn. Nylon yarn and nylon chips for spinning are used for clothing (cloth) and industrial (cloth). Engineering plastic nylon chips are used for automotive parts, industrial parts, electronic appliances, and packaging materials. The products are mainly sold domestically and exported to Europe, America, Africa, Oceania, Southeast Asia, Northeast Asia, and other Asian regions.