Chih Lien Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 01:41 am IST
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Chih Lien Industrial Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 236.47 million compared to TWD 244.18 million a year ago. Revenue was TWD 236.47 million compared to TWD 244.18 million a year ago. Net loss was TWD 9.66 million compared to net income of TWD 10.56 million a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to basic earnings per share from continuing operations of TWD 0.11 a year ago. Diluted loss per share from continuing operations was TWD 0.1 compared to diluted earnings per share from continuing operations of TWD 0.11 a year ago.
For the nine months, sales was TWD 664.27 million compared to TWD 924.38 million a year ago. Revenue was TWD 664.27 million compared to TWD 924.38 million a year ago. Net loss was TWD 38.97 million compared to net income of TWD 53.7 million a year ago. Basic loss per share from continuing operations was TWD 0.4 compared to basic earnings per share from continuing operations of TWD 0.55 a year ago. Diluted loss per share from continuing operations was TWD 0.4 compared to diluted earnings per share from continuing operations of TWD 0.55 a year ago.
CHIH LIEN INDUSTRIAL CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel wires and steel bars. The Companyâs main products include provides steel wires, including high-carbon steel wires, low-carbon steel wires, springs and annealed wires, which are applied in the manufacture of umbrellas, steel cables, screws, sports apparatus and others, as well as steel bars, including cutting steels, medium-carbon steels, alloy steels, stainless steels and polished rods, which are applied in manufacture of electronic, computer, bicycle, motorcycle and automobile components, as well as industrial tools and components.