Feng Hsin Steel Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 26, 2021 at 09:43 am
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Feng Hsin Steel Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 9,716.55 million compared to TWD 6,551.92 million a year ago. Net income was TWD 1,123.46 million compared to TWD 764.01 million a year ago. Basic earnings per share from continuing operations was TWD 1.93 compared to TWD 1.31 a year ago. Diluted earnings per share from continuing operations was TWD 1.92 compared to TWD 1.31 a year ago.
For the nine months, sales was TWD 27,426.86 million compared to TWD 19,689.99 million a year ago. Net income was TWD 2,819.96 million compared to TWD 1,915 million a year ago. Basic earnings per share from continuing operations was TWD 4.85 compared to TWD 3.29 a year ago. Diluted earnings per share from continuing operations was TWD 4.82 compared to TWD 3.27 a year ago.
Feng Hsin Steel Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel products. The products of the Company include angle steel, channel steel, steel flats, steel bars, special steel, bar steel, steel rods, formed steel and other steel products, among others. Its formed steel products are applied in construction industry, factory buildings, shipbuilding, transmission and distribution towers, machinery manufacturing, automobile maintenance and lifting equipment, transportation, metal products industry and steel structure, among others. The reinforcement bars are mainly used in construction, civil engineering, structure, foundation and others. Bar steel products are mainly used in screw nuts, polished bars, hand tools, auto parts and others. The Company mainly sells its products in Taiwan and other regions.