Taiwan Steel Union Co., Ltd Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 28, 2020 at 08:30 pm IST
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Taiwan Steel Union Co. Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 402.809 million compared to TWD 572.127 million a year ago. Operating income was TWD 84.618 million compared to TWD 265.002 million a year ago. Net income was TWD 64.382 million compared to TWD 204.288 million a year ago. Basic earnings per share was TWD 0.58 compared to TWD 1.84 a year ago. Diluted earnings per share was TWD 0.58 compared to TWD 1.83 a year ago. For the half year, sales was TWD 651.919 million compared to TWD 960.169 million a year ago. Operating income was TWD 83.415 million compared to TWD 419.847 million a year ago. Net income was TWD 59.772 million compared to TWD 325.872 million a year ago. Basic earnings per share was TWD 0.54 compared to TWD 2.93 a year ago. Diluted earnings per share was TWD 0.54 compared to TWD 2.92 a year ago.
TAIWAN STEEL UNION CO., LTD is a Taiwan-based company mainly engaged in the manufacture and sale of zinc oxide, as well as the clearance and disposal of bag house dust from electric arc furnace steelmaking industry. The Company is also involved in the reuse of contaminated soil, such as soil polluted by heavy metal and total petroleum hydrocarbon (TPH). The Company distributes its products within domestic market and to overseas markets.