Chia Yi Steel Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 01:57 am IST
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Chia Yi Steel Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 311.8 million compared to TWD 246.76 million a year ago. Revenue was TWD 311.8 million compared to TWD 246.76 million a year ago. Net loss was TWD 10.06 million compared to TWD 0.514 million a year ago. Basic loss per share from continuing operations was TWD 0.22 compared to TWD 0.01 a year ago. Diluted loss per share from continuing operations was TWD 0.22 compared to TWD 0.01 a year ago. Basic loss per share was TWD 0.22 compared to TWD 0.01 a year ago. Diluted loss per share was TWD 0.22 compared to TWD 0.01 a year ago.
For the nine months, sales was TWD 886.23 million compared to TWD 722.17 million a year ago. Revenue was TWD 886.23 million compared to TWD 722.17 million a year ago. Net loss was TWD 22.54 million compared to net income of TWD 1.59 million a year ago. Basic loss per share from continuing operations was TWD 0.5 compared to basic earnings per share from continuing operations of TWD 0.04 a year ago. Diluted loss per share from continuing operations was TWD 0.5 compared to diluted earnings per share from continuing operations of TWD 0.04 a year ago. Basic loss per share was TWD 0.5 compared to basic earnings per share of TWD 0.04 a year ago. Diluted loss per share was TWD 0.5 compared to diluted earnings per share of TWD 0.04 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.