Chia Yi Steel Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 26, 2020 at 05:36 pm
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Chia Yi Steel Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was TWD 883.908 million compared to TWD 1,411.788 million a year ago. Operating loss was TWD 39.118 million compared to operating Income of TWD 73.465 million a year ago. Net loss was TWD 56.512 million compared to net income of TWD 64.007 million a year ago. Basic loss per share was TWD 1.25 compared to basic earnings per share of TWD 1.42 a year ago. Diluted loss per share was TWD 1.25 compared to diluted earnings per share of TWD 1.41 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.