Hota Industrial Mfg. Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 02:07 pm EST
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Hota Industrial Mfg. Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,299.163 million compared to TWD 1,530.593 million a year ago. Operating income was TWD 91.103 million compared to TWD 214.947 million a year ago. Net income was TWD 42.562 million compared to TWD 181.092 million a year ago. Basic earnings per share was TWD 0.17 compared to TWD 0.71 a year ago. For the nine months, sales was TWD 3,487.474 million compared to TWD 4,515.801 million a year ago. Operating income was TWD 244.253 million compared to TWD 641.056 million a year ago. Net income was TWD 163.065 million compared to TWD 563.399 million a year ago. Basic earnings per share was TWD 0.64 compared to TWD 2.21 a year ago.
Hota Industrial Mfg. Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of gears and axles for automobiles and motorcycles. The Companyâs primary products include gears and axles for motorcycles, gear shafts, gearbox parts, differentials and torque transfer systems for heavy duty trucks, slowdown parts, planetary gear sets for auto gearboxes, gears and axles for heavy locomotives, gears and axles for oil pumps, as well as gearbox parts for electric cars. The Company mainly distributes its products in American, Mainland China and Taiwan.
HOTA INDUSTRIAL MFG. CO., LTD. 
