Hwa Fong Rubber Ind. Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 05:46 pm EDT
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Hwa Fong Rubber Ind. Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 1,274.737 million compared to TWD 1,291.953 million a year ago. Operating income was TWD 130.178 million compared to operating loss of TWD 1.163 million a year ago. Net income was TWD 890,000 compared to net loss of TWD 116.186 million a year ago. Basic eps was TWD 0 compared to basic loss per share of TWD 0.35 a year ago. For the half year, sales was TWD 2,496.171 million compared to TWD 2,609.747 million a year ago. Operating income was TWD 151.754 million compared to TWD 24.508 million a year ago. Net income was TWD 5.706 million compared to net loss of TWD 98.270 million a year ago. Basic earnings per share was TWD 0.02 compared to basic loss per share of TWD 0.3 a year ago.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.
HWA FONG RUBBER INDUSTRIAL CO., LTD. 
