Ta Chen Stainless Pipe Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Ta Chen Stainless Pipe 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 26,020.37 million compared to TWD 14,559.78 million a year ago. Net income was TWD 3,036.55 million compared to net loss of TWD 95.21 million a year ago. Basic earnings per share from continuing operations was TWD 1.8416 compared to basic loss per share from continuing operations of TWD 0.0792 a year ago. Diluted earnings per share from continuing operations was TWD 1.8416 compared to diluted loss per share from continuing operations of TWD 0.0792 a year ago. Basic earnings per share was TWD 1.8416 compared to basic loss per share of TWD 0.0792 a year ago. Diluted earnings per share was TWD 1.8416 compared to diluted loss per share of TWD 0.0792 a year ago.
For the nine months, sales was TWD 72,463.54 million compared to TWD 42,807.51 million a year ago. Net income was TWD 6,807.13 million compared to net loss of TWD 1,031.09 million a year ago. Basic earnings per share from continuing operations was TWD 4.1386 compared to basic loss per share from continuing operations of TWD 0.8218 a year ago. Diluted earnings per share from continuing operations was TWD 4.1287 compared to diluted loss per share from continuing operations of TWD 0.8218 a year ago. Basic earnings per share was TWD 4.1386 compared to basic loss per share of TWD 0.8218 a year ago. Diluted earnings per share was TWD 4.1287 compared to diluted loss per share of TWD 0.8218 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.