Taiwanese NAFCO’s revenue plummets in H1 2020 due to COVID-19 impact
National Aerospace Fasteners Corporation (NAFCO), an aerospace fasteners producer in Taiwan, posted its revenue of NT$130.52 million in June, up by 12.72% from the previous month while dropping by 44.35% from the same period a year ago.
In the first half of this year, NAFCO’s accumulative revenue totaled around NT$1.046 billion, decreasing by 22.51% compared with the same period last year. The decrease was mainly due to the sharp reduction in international shipping volume caused by the impact of the COVID-19 epidemic.
