Jiangsu Jiangnan High Polymer Fiber Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:01 pm EDT
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Jiangsu Jiangnan High Polymer Fiber Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 192.527 million compared to CNY 280.695 million a year ago. Operating income was CNY 11.220 million compared to CNY 9.826 million a year ago. Net income was CNY 7.930 million compared to CNY 9.137 million a year ago. Basic earnings per share from continuing operations was CNY 0.0055 compared to CNY 0.0062 a year ago.
JIANGSU JIANGNAN HIGH POLYMER FIBER CO., LTD is a China-based company, principally engaged in production of chemical fiber products and trading of chemical products. The Company mainly provides terylene wool tops and compound staple fibers. Through its subsidiaries, the Company is also engaged in the trading of chemical products, such as pure terephthalic acid for industry uses and industrial glycol, as well as the knitting, dyeing, finishing and processing of fabrics. The Company distributes its products within domestic market and to overseas markets.