Chia Yi Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 09:31 pm
Share
Chia Yi Steel Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 270.64 million compared to TWD 239.47 million a year ago. Revenue was TWD 270.64 million compared to TWD 239.47 million a year ago. Net loss was TWD 9.69 million compared to net income of TWD 1.87 million a year ago. Basic loss per share from continuing operations was TWD 0.21 compared to basic earnings per share from continuing operations of TWD 0.04 a year ago. Diluted loss per share from continuing operations was TWD 0.21 compared to diluted earnings per share from continuing operations of TWD 0.04 a year ago.
CHIA YI STEEL CO., LTD. is principally engaged in the forging, processing and distribution of casting iron products. The Company primarily involves in the manufacture and precision processing of iron products, which are applied in mechanical parts, electric motor parts, automobile parts, oil pressure parts and other hardware and spare parts, among others. The Company also offers molds and customer-tailored precision processing services. The Company distributes its products mainly in Asia, the Americas and other regions.