Sinkang Industries Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 09:46 am
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Sinkang Industries Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 679.22 million compared to TWD 762.99 million a year ago. Net loss was TWD 12.79 million compared to TWD 34.55 million a year ago. Basic loss per share from continuing operations was TWD 0.1 compared to TWD 0.27 a year ago. Diluted loss per share from continuing operations was TWD 0.1 compared to TWD 0.27 a year ago.
For the six months, sales was TWD 1,416.64 million compared to TWD 1,798.78 million a year ago. Net loss was TWD 20.46 million compared to net income of TWD 18.72 million a year ago. Basic loss per share from continuing operations was TWD 0.16 compared to basic earnings per share from continuing operations of TWD 0.14 a year ago. Diluted loss per share from continuing operations was TWD 0.16 compared to diluted earnings per share from continuing operations of TWD 0.14 a year ago.
Sinkang Industries Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sale of stainless steel sheets, rolls, bars, wires and tubes. The Company also provides shearing services, slitting services, surface treatment services, mirror finishing services, section steel processing and tread plate manufacturing services. The Company's products are applied in construction, food, kitchenware, transportation, chemical, medical equipment, electronics, environmental protection, firefighting, home appliance, furniture and other fields. The Company distributes its products in domestic markets and to overseas markets.
SINKANG INDUSTRIES CO., LTD. 
