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Tongtai (TWSE: 4526) 2020 Q3 BOD Press Release

TONGTAI MACHINE & TOOL CO., LTD. (TWSE: 4526) held the Board meeting on November 5, 2020 and reported its 3rd quarter 2020 consolidated financial statements.   Consolidated revenue for the 3rd quarter 2020 was NT$1.829 billion, representing a 15% decrease quarter-over-quarter and the 3rd quarter EPS was NT$ 0.09 with net income attributable to Tongtai NT$0.022 billion.   The profit for the 3rd quarter was primarily due to the result of the appreciation of the Chinese Renminbi (RMB) and the COVID-19 relief money from the government.  Overall, for the nine months ended September 30, due to the significant impact of the COVID-19 pandemic, consolidated revenue NT$5.749 billion which decreased by 29% year-over-year and the loss per share for the nine months ended September 30, 2020 was NT$0.37 with net loss attributable to Tongtai NT$0.094 billion.

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