Fu Ta Material Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 24, 2020 at 03:41 pm EDT
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Fu Ta Material Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was TWD 165.572 million compared to TWD 242.795 million a year ago. Operating loss was TWD 47.407 million compared to TWD 78.006 million a year ago. Net income was TWD 313.474 million compared to net loss of TWD 207.099 million a year ago. Basic earnings per share from continuing operations was TWD 7.02 compared to basic loss per share from continuing operations of TWD 2.38 a year ago. Basic earnings per share was TWD 6.82 compared to basic loss per share of TWD 4.5 a year ago.
Fu Ta Material Technology Co Ltd is a Taiwan-based company principally engaged in the production and distribution of nylon yarns. The Company operates its businesses through three segments. The Spun Yarn segment is engaged in the production and sales of cotton yarns, artificial cotton yarns, blended yarns and synthetic fiber yarns. The Grey Cloth segment is engaged in the production, processing and trading of cotton fabrics, artificial silk fabrics, blended grey cloth and artificial grey cloth. The Electronic Material segment is engaged in the recycling of solar energy materials, such as silicon wafers and others. The Company distributes its products within domestic market and to overseas markets.
FU TA MATERIAL TECHNOLOGY CO., LTD. 
