Kenmec Mechanical Engineering Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 06:16 am EST
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Kenmec Mechanical Engineering Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 981.894 million compared to TWD 1,102.673 million a year ago. Operating loss was TWD 115.794 million compared to TWD 39.427 million a year ago. Net loss was TWD 69.146 million compared to TWD 57.721 million a year ago. Basic loss per share was TWD 0.28 compared to TWD 0.23 a year ago. For the nine months, sales was TWD 2,866.912 million compared to TWD 3,325.357 million a year ago. Operating loss was TWD 103.996 million compared to TWD 387.935 million a year ago. Net loss was TWD 132.741 million compared to net income of TWD 1,602.777 million a year ago. Basic loss per share was TWD 0.54 compared to basic earnings per share of TWD 6.51 a year ago. Diluted loss per share was TWD 0.54 compared to diluted earnings per share of TWD 6.3 a year ago.
KENMEC MECHANICAL ENGINEERING CO., LTD. is a Taiwan-based company primarily engaged in the research, development, production and sales of solar cells. The Company mainly operates through four business segments. The Automation Business segment is mainly engaged in the production, sales, installation and leasing of automated assembly line equipment and related supporting facilities. The Solar Power Generation Systems segment is mainly engaged in the manufacture of power generation, transmission and distribution equipment, as well as wireless communications equipment. The Electronic Components segment is principally engaged in the manufacture of electronic components. The Others segment is mainly engaged in the solar water heaters and real estates businesses.
KENMEC MECHANICAL ENGINEERING CO., LTD. 
