Xu Yuan Packaging Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 05:01 pm EST
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Xu Yuan Packaging Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 298.956 million compared to TWD 327.331 million a year ago. Operating income was TWD 6.026 million compared to TWD 7.508 million a year ago. Net loss was TWD 24.450 million compared to net income of TWD 213,000 a year ago. Basic loss per share was TWD 0.45. Basic loss per share from continuing operations was TWD 0.45. For the nine months, sales was TWD 869.335 million compared to TWD 983.969 million a year ago. Operating loss was TWD 15.274 million compared to operating Income of TWD 8.356 million a year ago. Net loss was TWD 75.087 million compared to net income of TWD 8.990 million a year ago. Basic loss per share was TWD 1.37 compared to basic earnings per share of TWD 0.16 a year ago.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sale of heat shrinkable film printing labels and label equipment. Heat shrinkable film printed labels are used in beverages, food and other packaging. Labeling equipment includes vertical sleeve labeling machines, thin film sleeve labeling machines, bottle cap sleeve labeling machines, shrinking furnaces, labeling machines, palm press, re-inspection machines, and slicers, mainly used in the caps, bottles and safety signs of beverage, food, dairy products, pharmaceuticals, cosmetics and other bottles. The Company also provides polyvinyl chloride (PVC) transparent heat shrinkable film and PVC heat shrinkable rubber pellets.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. 
