Toray Textiles Public Company Limited Reports Earnings Results on Equity Method and Separate Financial Results for the Third Quarter and Nine Months Ended December 31, 2020
February 11, 2021 at 06:10 am EST
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Toray Textiles (Thailand) Public Company Limited reported earnings results on equity method and separate financial results for the third quarter and nine months ended December 31, 2020. For the quarter, on equity method, the company reported loss for the period of THB 80,193,000 or THB 1.39 per share compared to profit for the period of THB 49,249,000 or THB 0.85 per share a year ago. Total revenues were THB 1,912,301,000 compared to THB 2,119,152,000 a year ago.
For the quarter, on separate basis, the company reported loss for the period of THB 86,648,000 or THB 1.50 per share compared to profit for the period of THB 8,710,000 or THB 0.15 per share a year ago. Total revenues were THB 1,912,301,000 compared to THB 2,119,152,000 a year ago.
For the nine months, on equity method basis, the company reported loss for the period of THB 417,675,000 or THB 7.22 per share compared to profit for the period of THB 184,785,000 or THB 3.19 per share a year ago. Total revenues were THB 4,639,995,000 compared to THB 6,543,387,000 a year ago.
For the nine months, on separate basis, the company reported loss for the period of THB 391,809,000 or THB 6.77 per share compared to profit for the period of THB 90,770,000 or THB 1.57 per share a year ago. Total revenues were THB 4,702,013,000 compared to THB 4,350,403,000 a year ago.
Toray Textiles (Thailand) Public Company Limited is a Thailand-based textile company. The principal activities of the Company are the manufacturing of textiles consisting of spun fabric, filament fabric, woven fabric, knitted fabric and denim yarn; and industrial material products consisting of cord for rubber material reinforcement, fabric for airbags, canvas and car seat fabric. Its segments include Textile, and Industrial material product. Its major products are fabric for airbags, fabric for apparel and others. Its products are fabrics and industrial materials. Fabrics products include polyester and cotton blended, polyester viscose, filament woven (nylon and polyester), and knit. Its industrial materials products include cord and airbag. Its primary geographical markets include Asia, Europe, Africa, America, and Oceania. Cord products perform well under heat, resistance and tension for high performance power steering hose, fuel hose, break hose, air condition hose and timing belt.
Toray Textiles Public Company Limited Reports Earnings Results on Equity Method and Separate Financial Results for the Third Quarter and Nine Months Ended December 31, 2020