Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 01:24 am IST
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Tang Eng Iron Works Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 2,840.295 million compared to TWD 3,100.883 million a year ago. Operating loss was TWD 491.254 million compared to TWD 137.072 million a year ago. Net loss was TWD 528.117 million compared to net income of TWD 151.189 million a year ago. Basic loss per share was TWD 1.51 compared to basic earnings per share of TWD 0.43 a year ago.
TANG ENG IRON WORKS CO., LTD. is principally engaged in the manufacture and distribution of stainless steel products. The Companyâs stainless steel products portfolio consists of cold-rolled steel coils and hot-rolled steel coils, which are applied in industries such as food, chemical, household decorations, construction materials, electronics, motor vehicles and medical equipment, among others. The Company operates its business through two segments. The Stainless Steel segment is principally engaged in the manufacture of stainless steel products and sales to retailers. The Rail Vehicle segment is engaged in the manufacture and retailing of rail vehicles and other retail parts.
TANG ENG IRON WORKS CO., LTD. 
