Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 07:26 pm
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Tang Eng Iron Works Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 3,064.472 million compared to TWD 2,840.295 million a year ago. Operating income was TWD 48.240 million compared to operating loss of TWD 491.254 million a year ago. Net income was TWD 55.885 million compared to net loss of TWD 528.117 million a year ago. Basic earnings per share from continuing operations was TWD 0.16 compared to basic loss per share from continuing operations of TWD 1.51 a year ago.
TANG ENG IRON WORKS CO., LTD. is principally engaged in the manufacture and distribution of stainless steel products. The Companyâs stainless steel products portfolio consists of cold-rolled steel coils and hot-rolled steel coils, which are applied in industries such as food, chemical, household decorations, construction materials, electronics, motor vehicles and medical equipment, among others. The Company operates its business through two segments. The Stainless Steel segment is principally engaged in the manufacture of stainless steel products and sales to retailers. The Rail Vehicle segment is engaged in the manufacture and retailing of rail vehicles and other retail parts.
TANG ENG IRON WORKS CO., LTD. 
