Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 12:11 am IST
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Tang Eng Iron Works Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was TWD 3,189.599 million compared to TWD 4,363.945 million a year ago. Operating loss was TWD 298.596 million compared to TWD 81.217 million a year ago. Net loss was TWD 259.127 million compared to TWD 78.997 million a year ago. Basic loss per share was TWD 0.74 compared to TWD 0.23 a year ago. For the half year, total revenue was TWD 6,290.482 million compared to TWD 8,603.295 million a year ago. Operating loss was TWD 435.668 million compared to TWD 242.182 million a year ago. Net loss was TWD 107.938 million compared to TWD 244.882 million a year ago. Basic loss per share was TWD 0.31 compared to TWD 0.7 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. 
