Hold-Key Electric Wire & Cable Co., Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 01:56 pm EDT
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Hold-Key Electric Wire & Cable Co. Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 549.630 million compared to TWD 547.001 million a year ago. Operating income was TWD 22.918 million compared to operating loss of TWD 43.644 million a year ago. Net income was TWD 56.316 million compared to net loss of TWD 15.660 million a year ago. Basic earnings per share was TWD 0.23 compared to basic loss per share of TWD 0.07 a year ago. Diluted earnings per share was TWD 0.23. For the half year, sales was TWD 985.909 million compared to TWD 1,024.276 million a year ago. Operating income was TWD 2.632 million compared to operating loss of TWD 71.897 million a year ago. Net income was TWD 49.165 million compared to net loss of TWD 41.254 million a year ago. Basic earnings per share was TWD 0.2 compared to basic loss per share of TWD 0.17 a year ago. Diluted earnings per share was TWD 0.2.
HOLD-KEY ELECTRIC WIRE & CABLE CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and distribution of wires and cables. The Company provides crosslink polyethylene (PE) power cables, plastic wires and cables, communication cables, bare aluminum wires and other products. Its products are applied in the deep processing of wires and cables, as well as electric power transmission and distribution. In addition, it also provides engineering services. The Company distributes its products in domestic and overseas markets, including Europe and the Americas.