Zig Sheng Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 07:12 pm IST
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Zig Sheng Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 1,969.143 million compared to TWD 2,815.028 million a year ago. Operating loss was TWD 41.208 million compared to TWD 77.505 million a year ago. Net income was TWD 40.575 million compared to net loss of TWD 109.690 million a year ago. Basic earnings per share was TWD 0.07 compared to basic loss per share of TWD 0.18 a year ago. For the nine months, total revenue was TWD 5,397.511 million compared to TWD 9,363.363 million a year ago. Operating loss was TWD 440.278 million compared to TWD 207.161 million a year ago. Net loss was TWD 327.099 million compared to TWD 98.970 million a year ago. Basic loss per share was TWD 0.56 compared to TWD 0.16 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.