Drewloong Precision, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 26, 2020 at 02:42 pm EDT
Share
Drewloong Precision, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 78.068 million compared to TWD 212.370 million a year ago. Operating loss was TWD 9.953 million compared to operating Income of TWD 75.594 million a year ago. Net loss was TWD 9.577 million compared to net income of TWD 60.314 million a year ago. Basic loss per share was TWD 0.27 compared to basic earnings per share of TWD 1.85 a year ago. For the nine months, sales was TWD 290.221 million compared to TWD 637.271 million a year ago. Operating income was TWD 44.463 million compared to TWD 230.666 million a year ago. Net income was TWD 31.427 million compared to TWD 186.514 million a year ago. Basic earnings per share was TWD 0.88 compared to TWD 5.85 a year ago. Diluted earnings per share was TWD 0.88 compared to TWD 5.82 a year ago.
Drewloong Precision, Inc. is a Taiwan-based company principally engaged in the research, development, production and sale of large aircraft fuselage structure components, large aircraft engine structure components and special mold fixtures. The Company's main products include: aircraft fuselage structural components, which are used to assemble Boeing 737, Boeing 747, Boeing 767, Boeing 777 and Boeing 787 aircraft fuselage; aircraft engine components, which are used to assemble aircraft engines including LEAP A and LEAP B; aircraft landing gear components for A350 take-off and landing gear; as well as other special mold fixtures. The Company's sales customers are aircraft manufacturers.