Kinko Optical Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 02:03 pm EDT
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Kinko Optical Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 611.900 million compared to TWD 838.598 million a year ago. Operating loss was TWD 43.319 million compared to TWD 81.761 million a year ago. Net loss was TWD 52.732 million compared to TWD 54.547 million a year ago. Basic loss per share was TWD 0.32 compared to TWD 0.33 a year ago. For the half year, sales was TWD 1,191.101 million compared to TWD 1,609.805 million a year ago. Operating loss was TWD 124.157 million compared to TWD 148.201 million a year ago. Net loss was TWD 89.504 million compared to TWD 124.912 million a year ago. Basic loss per share was TWD 0.55 compared to TWD 0.77 a year ago.
KINKO OPTICAL CO., LTD. is principally engaged in the development, design, manufacture and distribution of optical lens modules and components. The Company mainly operates through two business segments, including Asia Operation segment and Domestic Operation segment. The Company primarily provides optical lenses modules and elements. Its products are applied in the manufacture of liquid crystal display (LCD) projectors, digital cameras, mobile phone cameras, televisions, multifunctional machines, digital video cameras and digital monitoring systems, among others. In addition, it is involved in the provision of after-sale technical support services, agent purchase of raw materials and others. The Company distributes its products primarily in Taiwan and other Asian markets.