Tycoons Group Enterprise Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022
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Tycoons Group Enterprise Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 2,350.78 million compared to TWD 2,969.36 million a year ago. Net income was TWD 36.9 million compared to TWD 190.66 million a year ago. Basic earnings per share from continuing operations was TWD 0.08 compared to TWD 0.4 a year ago.
TYCOONS GROUP ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of wire rods and screws. The Company provides wire rod products, including rolled steel for general structure, wire rods for core wire of covered electrode, low carbon steel wire rods and high carbon steel wire rods; screw products, including drywall screws, tapping screws, self-drilling screws, chipboard screws, wood screws, mechanical screws and particle board screws, as well as rebar and others. Its products are applied primarily in the manufacture of hand tools, steel wires, steel cables, machines, electronic products, transportation devices, industrial products and others. The Company distributes its products within domestic market and to overseas markets.