Chia Yi Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 02:02 am IST
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Chia Yi Steel Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 239.465 million compared to TWD 162.520 million a year ago. Operating income was TWD 7.900 million compared to operating loss of TWD 22.329 million a year ago. Net income was TWD 1.866 million compared to net loss of TWD 20.919 million a year ago. Basic earnings per share was TWD 0.04 compared to basic loss per share of TWD 0.46 a year ago.
CHIA YI STEEL CO., LTD. is principally engaged in the forging, processing and distribution of casting iron products. The Company primarily involves in the manufacture and precision processing of iron products, which are applied in mechanical parts, electric motor parts, automobile parts, oil pressure parts and other hardware and spare parts, among others. The Company also offers molds and customer-tailored precision processing services. The Company distributes its products mainly in Asia, the Americas and other regions.