Tong Ming Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 02:59 pm EDT
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Tong Ming Enterprise Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 1,598.438 million compared to TWD 1,939.635 million a year ago. Operating income was TWD 37.247 million compared to TWD 76.068 million a year ago. Net income was TWD 14.492 million compared to TWD 59.463 million a year ago. Basic earnings per share was TWD 0.09 compared to TWD 0.35 a year ago. Diluted earnings per share was TWD 0.09 compared to TWD 0.34 a year ago.
Tong Ming Enterprise Co., Ltd. is engaged in manufacturing stainless steel fasteners with production bases in Malaysia, Thailand and China. The Companyâs products include stainless steel fasteners and stainless-steel wire. The Companyâs stainless steel fastener products include nonstandard products, threaded rods & studs, washers/rings, mushroom head square neck bolts, machine screws, self-tapping screws, nuts, hexagon socket cap screws and hexagon head bolts. The stainless-steel wire includes netting, cable, nails, and cold heading products. It also provides washers/rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts and rivets. The Company has approximately 45,000 annual production capacity.
TONG MING ENTERPRISE CO., LTD. 
