Chia Yi Steel Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 07:28 pm
Share
Chia Yi Steel Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 180.886 million compared to TWD 243.251 million a year ago. Operating loss was TWD 17.815 million compared to operating Income of TWD 4.608 million a year ago. Net loss was TWD 11.822 million compared to net income of TWD 3.684 million a year ago. Basic loss per share was TWD 0.26 compared to basic earnings per share of TWD 0.08 a year ago. For the half year, total revenue was TWD 343.406 million compared to TWD 485.156 million a year ago. Operating loss was TWD 40.144 million compared to TWD 8.348 million a year ago. Net loss was TWD 32.741 million compared to TWD 5.295 million a year ago. Basic loss per share was TWD 0.73 compared to TWD 0.12 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.
CHIA YI STEEL CO., LTD. 