Chain Chon Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 07:13 pm IST
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Chain Chon Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 3,162.139 million compared to TWD 3,999.264 million a year ago. Operating loss was TWD 3.969 million compared to operating Income of TWD 49.284 million a year ago. Net income was TWD 3.920 million compared to net loss of TWD 4.221 million a year ago. Basic eps - continuing operations was TWD 0 compared to basic loss per share from continuing operations of TWD 0.02 a year ago. Basic earnings per share was TWD 0.02 compared to basic loss per share of TWD 0.03 a year ago. For the half year, total revenue was TWD 6,031.105 million compared to TWD 7,430.460 million a year ago. Operating loss was TWD 58.298 million compared to operating Income of TWD 36.378 million a year ago. Net loss was TWD 107.444 million compared to TWD 118.907 million a year ago. Basic loss per share from continuing operations was TWD 0.64 compared to TWD 0.7 a year ago. Basic loss per share was TWD 0.65 compared to TWD 0.72 a year ago.
Chain Chon Industrial Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel products. The Company mainly operates through three business segments. The Cutting Processing segment is mainly engaged in the cutting, processing and trading of stainless steel plates and stainless steel round bars. The Pipes Processing segment is mainly engaged in the manufacture and sales of stainless steel pipes. The Others segment is engaged in the sales of other stainless steel products, including angle irons and channel steels. The Company is also involved in the provision of other stainless steel processing services and surface processing services, including the polishing, shearing, roller bending services. The Company mainly operates its businesses in Taiwan, the rest of Asia and the Americas.