Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 07:50 am IST
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Tang Eng Iron Works Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 3,709.42 million compared to TWD 4,204.17 million a year ago. Net income was TWD 36.97 million compared to TWD 296.03 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to TWD 0.85 a year ago.
For the six months, sales was TWD 7,743.84 million compared to TWD 7,268.64 million a year ago. Net income was TWD 326.86 million compared to TWD 351.91 million a year ago. Basic earnings per share from continuing operations was TWD 0.93 compared to TWD 1.01 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. 