Cheng Fwa Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 03:50 pm EDT
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Cheng Fwa Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 486.972 million compared to TWD 312.270 million a year ago. Operating income was TWD 48.910 million compared to operating loss of TWD 36.778 million a year ago. Net income was TWD 37.980 million compared to net loss of TWD 25.823 million a year ago. Basic earnings per share was TWD 0.26 compared to basic loss per share of TWD 0.18 a year ago. For the half year, total revenue was TWD 780.600 million compared to TWD 620.809 million a year ago. Operating income was TWD 19.535 million compared to operating loss of TWD 32.023 million a year ago. Net income was TWD 7.894 million compared to net loss of TWD 23.872 million a year ago. Basic earnings per share was TWD 0.05 compared to basic loss per share of TWD 0.17 a year ago.
Cheng Fwa Industrial Co., Ltd. is a Taiwan-based company principally engaged in the manufacture, processing and sales of video decoder casings and related components. The Company is also engaged in the manufacture and sales of computer casings and related components, precision stampings and electronic components. The Company mainly conducts its business in American, Asian and Taiwan markets.