Hwa Fong Rubber Ind. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 12:01 pm EST
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Hwa Fong Rubber Ind. Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 1,408.161 million compared to TWD 1,353.833 million a year ago. Operating income was TWD 119.622 million compared to TWD 30.968 million a year ago. Net loss was TWD 42.425 million compared to TWD 160.812 million a year ago. Basic loss per share was TWD 0.13 compared to TWD 0.48 a year ago. For the nine months, sales was TWD 3,904.332 million compared to TWD 3,963.580 million a year ago. Operating income was TWD 271.376 million compared to TWD 55.476 million a year ago. Net loss was TWD 36.719 million compared to TWD 259.082 million a year ago. Basic loss per share was TWD 0.11 compared to TWD 0.78 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. 
