Yuen Chang Stainless Steel Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 12:08 am IST
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Yuen Chang Stainless Steel Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 1,675.955 million compared to TWD 2,216.062 million a year ago. Operating loss was TWD 5.433 million compared to operating Income of TWD 70.575 million a year ago. Net loss was TWD 30.586 million compared to net income of TWD 5.628 million a year ago. Basic loss per share was TWD 0.2 compared to basic earnings per share of TWD 0.04 a year ago. For the half year, sales was TWD 3,269.150 million compared to TWD 4,190.598 million a year ago. Operating loss was TWD 58.559 million compared to operating Income of TWD 10.455 million a year ago. Net loss was TWD 117.743 million compared to net income of TWD 15.368 million a year ago. Basic loss per share was TWD 0.76 compared to basic earnings per share of TWD 0.1 a year ago.
Yuen Chang Stainless Steel Co Ltd engages in manufacture stainless steel sheet and stainless steel plate. The Company's products including stainless steel coil, stainless steel sheet, stainless steel plate and stainless steel strip, among others. The Company also provides stainless steel processing services, such as cold rolled shearing, slitting, surface treatment and hot rolled shearing. The Company distributes its products in domestic market, as well as America, Europe and Asia.