Yuen Chang Stainless Steel Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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Yuen Chang Stainless Steel Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 1,892.630 million compared to TWD 2,329.782 million a year ago. Operating income was TWD 82.546 million compared to TWD 28.553 million a year ago. Net income was TWD 63.237 million compared to net loss of TWD 46.734 million a year ago. Basic earnings per share was TWD 0.41 compared to basic loss per share of TWD 0.3 a year ago. For the nine months, sales was TWD 5,161.780 million compared to TWD 6,520.380 million a year ago. Operating income was TWD 23.987 million compared to TWD 39.008 million a year ago. Net loss was TWD 54.506 million compared to TWD 31.366 million a year ago. Basic loss per share was TWD 0.35 compared to TWD 0.2 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.