Chien Shing Stainless Steel Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 08:20 pm IST
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Chien Shing Stainless Steel Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 216.992 million compared to TWD 228.277 million a year ago. Operating loss was TWD 33.976 million compared to TWD 42.359 million a year ago. Net loss was TWD 29.198 million compared to net income of TWD 11.776 million a year ago. Basic loss per share was TWD 0.1 compared to basic earnings per share of TWD 0.04 a year ago. For the nine months, sales was TWD 625.357 million compared to TWD 899.757 million a year ago. Operating loss was TWD 191.113 million compared to TWD 144.566 million a year ago. Net loss was TWD 187.300 million compared to TWD 132.689 million a year ago. Basic loss per share was TWD 0.67 compared to TWD 0.47 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.