Launch Technologies Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 03:33 pm EST
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Launch Technologies Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 427.024 million compared to TWD 465.355 million a year ago. Operating income was TWD 46.938 million compared to TWD 54.139 million a year ago. Net income was TWD 36.709 million compared to TWD 42.648 million a year ago. Basic earnings per share was TWD 0.72 compared to TWD 0.84 a year ago. Diluted earnings per share was TWD 0.72 compared to TWD 0.83 a year ago. For the nine months, sales was TWD 1,073.545 million compared to TWD 1,341.974 million a year ago. Operating income was TWD 19.732 million compared to TWD 130.962 million a year ago. Net income was TWD 35.067 million compared to TWD 110.866 million a year ago. Basic earnings per share was TWD 0.69 compared to TWD 2.17 a year ago. Diluted earnings per share was TWD 0.68 compared to TWD 2.16 a year ago.
Launch Technologies Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of golf balls. The Company provides two-piece golf balls, three-piece golf balls, four-piece golf balls and other specific standard golf balls, including practice golf balls, soft lady golf balls, dual core balls and multilayer golf balls, among others. It distributes its products primarily in Asia and the Americas, among others.
LAUNCH TECHNOLOGIES CO., LTD. 
