Chia Yi Steel Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022
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Chia Yi Steel Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 303.79 million compared to TWD 235.95 million a year ago. Revenue was TWD 303.79 million compared to TWD 235.95 million a year ago. Net loss was TWD 2.8 million compared to net income of TWD 0.238 million a year ago. Basic loss per share from continuing operations was TWD 0.06 compared to basic earnings per share from continuing operations of TWD 0.01 a year ago. Diluted loss per share from continuing operations was TWD 0.06 compared to diluted earnings per share from continuing operations of TWD 0.01 a year ago. Basic loss per share was TWD 0.06 compared to basic earnings per share of TWD 0.01 a year ago. Diluted loss per share was TWD 0.06 compared to diluted earnings per share of TWD 0.01 a year ago.
For the six months, sales was TWD 574.43 million compared to TWD 475.41 million a year ago. Revenue was TWD 574.43 million compared to TWD 475.41 million a year ago. Net loss was TWD 12.49 million compared to net income of TWD 2.1 million a year ago. Basic loss per share from continuing operations was TWD 0.28 compared to basic earnings per share from continuing operations of TWD 0.05 a year ago. Diluted loss per share from continuing operations was TWD 0.28 compared to diluted earnings per share from continuing operations of TWD 0.05 a year ago. Basic loss per share was TWD 0.28 compared to basic earnings per share of TWD 0.05 a year ago. Diluted loss per share was TWD 0.28 compared to diluted earnings per share of TWD 0.05 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.