Chien Shing Stainless Steel Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 02:08 am IST
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Chien Shing Stainless Steel Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 232.841 million compared to TWD 143.239 million a year ago. Operating loss was TWD 14.414 million compared to TWD 75.917 million a year ago. Net income was TWD 8.107 million compared to net loss of TWD 63.261 million a year ago. Basic earnings per share was TWD 0.03 compared to basic loss per share of TWD 0.22 a year ago. For the half year, sales was TWD 680.862 million compared to TWD 408.365 million a year ago. Operating income was TWD 24.242 million compared to operating loss of TWD 157.137 million a year ago. Net income was TWD 46.716 million compared to net loss of TWD 158.102 million a year ago. Basic earnings per share was TWD 0.17 compared to basic loss per share of TWD 0.56 a year ago.
Chien Shing Stainless Steel Co Ltd is a Taiwan-based company that is primarily engaged in the processing and distribution of cold-rolled stainless steel coils. The Company's products mainly include 304 series stainless steel coils. The Company's products are used in building exteriors, beer barrels, freezing pipes, acid production equipment, sprinklers, rain shields, liquid oxygen tanks and others. The Company distributes its products to domestic and foreign markets.