Ta Chen Stainless Pipe Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021
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Ta Chen Stainless Pipe Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 20,982.347 million compared to TWD 16,201.256 million a year ago. Operating income was TWD 2,857.261 million compared to TWD 14.090 million a year ago. Net income was TWD 1,432.316 million compared to net loss of TWD 208.390 million a year ago. Basic earnings per share was TWD 0.88 compared to basic loss per share of TWD 0.17 a year ago.
TA CHEN STAINLESS PIPE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of stainless steel products. The Company's main products include stainless steel pipes, stainless steel welded pipe fittings, stainless steel coils, stainless steel cutting and processing products, steel belts, pipe joints, flange, valves and fasteners. In addition, The Company is also engaged in the manufacture and sales of screws and nuts. The Company's mainly distributes its products to the overseas markets.