Taiwan Cement has announced the following consolidated financial results for the third quarter ended 30 September 2020, as compared to the corresponding period of last fiscal year:
- Revenue was NT$29.8 billion and decreased 3%
- Gross profit rate was 35%, a historical high, and 4% higher than the gross profit rate of 31% in 3Q19
- Operating income was NT$9 billion and increased 12%
- Net income was NT$7.4 billion and increased 14%
- Basic earnings per share was NT$1.30 and increased 14%
The year-to-date financial results from the first quarter to the end of the third quarter in 2020 are the following, as compared to the corresponding period of last fiscal year:
Revenue was NT$82.2 billion and decreased 6%
Gross profit rate was 33%, a historical high, and 4% higher than the gross profit rate of 29% in the corresponding period of last fiscal year
Operating income was NT$22.8 billion and increased 9%
Net Income was NT$18.4 billion and increased 4%
Basic earnings per share was NT$3.15 and increased 2%
“Fourth quarter is the traditional peak season for the cement market and we remain optimistic about our performance”, said Edward Huang, Senior Vice President and Spokesperson of Taiwan Cement.