Tainan Spinning Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020
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Tainan Spinning Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 3,997.598 million compared to TWD 5,694.541 million a year ago. Operating loss was TWD 95.068 million compared to TWD 387.146 million a year ago. Net income was TWD 329.909 million compared to net loss of TWD 62.789 million a year ago. Basic earnings per share was TWD 0.2 compared to basic loss per share of TWD 0.04 a year ago. For the nine months, sales was TWD 12,598.172 million compared to TWD 17,314.516 million a year ago. Operating loss was TWD 416.579 million compared to TWD 612.534 million a year ago. Net income was TWD 256.346 million compared to TWD 59.994 million a year ago. Basic earnings per share was TWD 0.15 compared to TWD 0.04 a year ago.
Tainan Spinning Co., Ltd is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. The products of the Company include cotton yarn, polyester cotton, polyester granules, ester granules for bottles, polyester filaments, finished polyester filaments and others. The Company mainly operates through two segments, including Tainan Spinning segment and Tainan Spinning Vietnam segment. The Company operates businesses in China, Vietnam, Korea, Japan, South Africa and Americas, among others.
TAINAN SPINNING CO., LTD. 
