Sinkang Industries Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 02:04 pm IST
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Sinkang Industries 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 805.83 million compared to TWD 868.41 million a year ago. Net income was TWD 12.59 million compared to TWD 56.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to TWD 0.44 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to TWD 0.44 a year ago.
For the nine months, sales was TWD 2,604.61 million compared to TWD 2,603.55 million a year ago. Net income was TWD 31.31 million compared to TWD 168.04 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 compared to TWD 1.29 a year ago. Diluted earnings per share from continuing operations was TWD 0.24 compared to TWD 1.29 a year ago.
Sinkang Industries Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sale of stainless steel sheets, rolls, bars, wires and tubes. The Company also provides shearing services, slitting services, surface treatment services, mirror finishing services, section steel processing and tread plate manufacturing services. The Company's products are applied in construction, food, kitchenware, transportation, chemical, medical equipment, electronics, environmental protection, firefighting, home appliance, furniture and other fields. The Company distributes its products in domestic markets and to overseas markets.