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Tongtai (TWSE: 4526) 2020 Q1 BOD Press Release


TONGTAI MACHINE & TOOL CO., LTD. (TWSE: 4526) held a meeting of the Board of Directors on May 13, 2020 and reported its 1st quarter 2020 consolidated financial statements.   Net consolidated revenue for the 1st quarter 2020 was NT$1,761,102 thousand, representing a 40% decrease year on year.  Net loss attributable to shareholders of the parent company for the 1 st quarter 2020 was NT$132,438 thousand with a net loss per share of NT$0.52.  Except for the foreign exchange loss caused from devaluation of the Chinese Renminbi (RMB), the primary reason for this operating loss was due to the significant impact of the COVID-19 pandemic, resulting in delayed shipments of subsidiaries and stagnation of China's manufacturing and consumer markets. The 2020 Annual Shareholder Meeting will be held on June 9, 2020.


For more information, please contact us !
Lulu Yen                                   
Spokesperson & Assistant to Chairman       
Email: yenlu@tongtai.com.tw

Deputy Spokesperson 
Eunice Ho
Email: Tzuyun@tongtai.com.tw

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