Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022
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Tang Eng Iron Works Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 2,881.36 million compared to TWD 5,089.03 million a year ago. Revenue was TWD 2,881.36 million compared to TWD 5,089.03 million a year ago. Net loss was TWD 441 million compared to net income of TWD 751.4 million a year ago. Basic loss per share from continuing operations was TWD 1.26 compared to basic earnings per share from continuing operations of TWD 2.15 a year ago.
For the nine months, sales was TWD 10,625.2 million compared to TWD 12,357.67 million a year ago. Revenue was TWD 10,625.2 million compared to TWD 12,357.67 million a year ago. Net loss was TWD 114.14 million compared to net income of TWD 1,103.31 million a year ago. Basic loss per share from continuing operations was TWD 0.33 compared to basic earnings per share from continuing operations of TWD 3.15 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. 