Tachia Yung Ho Machine Industry Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 10:20 am EST
Share
Tachia Yung Ho Machine Industry Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 285.585 million compared to TWD 307.410 million a year ago. Operating income was TWD 25.598 million compared to TWD 37.191 million a year ago. Net income was TWD 15.691 million compared to TWD 25.669 million a year ago. Basic earnings per share was TWD 0.37 compared to TWD 0.61 a year ago. For the nine months, total revenue was TWD 821.509 million compared to TWD 893.985 million a year ago. Operating income was TWD 74.188 million compared to TWD 120.451 million a year ago. Net income was TWD 47.630 million compared to TWD 89.736 million a year ago. Basic earnings per share was TWD 1.13 compared to TWD 2.12 a year ago. Diluted earnings per share was TWD 1.12 compared to TWD 2.11 a year ago.
Ta Chia Yung Ho Machine Industry Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of clean-grade pipe fittings and stainless steel welded pipe fittings. Stainless steel welded pipe fittings include elbows, tees, reducers, caps, SU fittings, and lap joint stub-ends. Clean-grade pipe fittings include pipes, fittings (including elbows, tees, reducers, caps), micro-joint components (including vacuum coupling radius (VCR), micro fitting, Lok type fitting, CGA fitting), and valves. The Company also provides food-grade products and feed processing products, testing engineering, valves, meters, gauges, filters, equipment, valve shutters, domestic pipe sales, foreign pipe import agents, pipe sales in Japan, gas sales, clean room vacuum cleaners, and industrial vacuum cleaners. The products are mainly sold domestically and exported to Asia, America, and Europe.