Tsang Yow Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 11:19 am EDT
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Tsang Yow Industrial Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 401.013 million compared to TWD 455.439 million a year ago. Operating loss was TWD 26.126 million compared to operating Income of TWD 11.889 million a year ago. Net loss was TWD 20.245 million compared to net income of TWD 20.732 million a year ago. Basic loss per share was TWD 0.2 compared to basic earnings per share of TWD 0.2 a year ago.
TSANG YOW INDUSTRIAL CO.,LTD. is a Taiwan-based company principally engaged in the manufacture, wholesale and retail of automotive parts and components. The Company's main products include automotive automatic transmission components, heavy truck clutch components, industrial machinery components and others. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.