TONGTAI MACHINE & TOOL CO., LTD. (TWSE: 4526) held the Board meeting on March 18, 2021 and reported 2020 consolidated financial statements. Tongtai Board of directors approved not to distribute dividends and submitted for approval by the 2021 Annual Shareholder Meeting held on June 10, 2021.
Due to the impact of the COVID-19 pandemic, net consolidated revenue for 2020 was NT$7,778,541 thousand, representing a 29% decrease year over year, which was equivalent to the overall decline in Taiwan’s Machinery & Tool Industry exports value.
Net loss attributable to shareholders of the parent for 2020 was NT$346,776 thousand, representing a loss per share of NT$1.36.