Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
February 24, 2020 at 11:24 pm IST
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Tang Eng Iron Works Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was TWD 12,350.956 million compared to TWD 14,879.535 million a year ago. Operating loss was TWD 1,013.836 million compared to TWD 1,392.888 million a year ago. Net income was TWD 14.953 million compared to net loss of TWD 1,441.675 million a year ago. Basic earnings per share was TWD 0.04 compared to basic loss per share of TWD 4.12 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. 
