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Tongtai (TWSE: 4526) 2019 Q4 BOD Press Release

TONGTAI MACHINE & TOOL CO., LTD. (TWSE: 4526) held a meeting of the Board of Directors on March 16, 2020 and approved its 2019 Business Report and Financial Statements.  Net consolidated revenue for 2019 was NT$11,000,093 thousand, representing a 5% decrease year over year.  Net revenue for parent company only was NT$5,422,528 thousand, representing a 16% decrease year over year.  Net income attributable to shareholders of the parent for 2019 was NT$58,947 thousand, representing a decline of 81% year over year.   Overall, basic EPS for 2019 was NT$0.23, a decrease of NT$1.0 year over year, primarily due to the result of the devaluation of the Chinese Renminbi (RMB) and the result of the decreasing profit from investees.

The Board meeting also approved the distribution of a 2019 cash dividend of NT$0.2 per common share to be submitted for approval by the 2020 Annual Shareholder Meeting held on June 9, 2020.

For more information, please contact us !
Spokesperson 
Lulu Yen                                   
Spokesperson & Assistant to Chairman       
TEL:+886-7-976-1588                          
Email: yenlu@tongtai.com.tw

Deputy Spokesperson 
Eunice
Manager 
TEL:+886-7-976-1588   
Email: Tzuyun@tongtai.com.tw

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