Chain Chon Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 08:53 pm
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Chain Chon Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 4,043.215 million compared to TWD 4,412.498 million a year ago. Operating income was TWD 52.287 million compared to TWD 15.974 million a year ago. Net loss was TWD 4.221 million compared to TWD 58.360 million a year ago. Basic loss per share was TWD 0.03 compared to TWD 0.35 a year ago. For the half year, sales was TWD 7,512.893 million compared to TWD 8,232.775 million a year ago. Operating income was TWD 33.909 million compared to TWD 21.838 million a year ago. Net loss was TWD 118.907 million compared to TWD 87.755 million a year ago. Basic loss per share was TWD 0.72 compared to TWD 0.53 a year ago.
Chain Chon Industrial Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel products. The Company mainly operates through three business segments. The Cutting Processing segment is mainly engaged in the cutting, processing and trading of stainless steel plates and stainless steel round bars. The Pipes Processing segment is mainly engaged in the manufacture and sales of stainless steel pipes. The Others segment is engaged in the sales of other stainless steel products, including angle irons and channel steels. The Company is also involved in the provision of other stainless steel processing services and surface processing services, including the polishing, shearing, roller bending services. The Company mainly operates its businesses in Taiwan, the rest of Asia and the Americas.
CHAIN CHON INDUSTRIAL CO., LTD. 
