Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 04, 2021 at 12:50 am
Share
Tang Eng Iron Works Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 4,204.171 million compared to TWD 2,645.972 million a year ago. Operating income was TWD 283.290 million compared to operating loss of TWD 177.773 million a year ago. Net income was TWD 296.025 million compared to net loss of TWD 92.327 million a year ago. Basic earnings per share from continuing operations was TWD 0.85 compared to basic loss per share from continuing operations of TWD 0.26 a year ago. For the half year, total revenue was TWD 7,268.643 million compared to TWD 5,486.267 million a year ago. Operating income was TWD 331.530 million compared to operating loss of TWD 669.027 million a year ago. Net income was TWD 351.910 million compared to net loss of TWD 620.444 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to basic loss per share from continuing operations of TWD 1.77 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. 
