Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
February 24, 2021 at 05:54 pm
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Tang Eng Iron Works Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was TWD 10,828.679 million compared to TWD 12,350.956 million a year ago. Operating loss was TWD 776.997 million compared to TWD 1,013.836 million a year ago. Net loss was TWD 665.673 million compared to net income of TWD 14.953 million a year ago. Basic loss per share was TWD 1.9 compared to basic earnings per share of TWD 0.04 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. 
