Tycoons Group Enterprise Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:45 am
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Tycoons Group Enterprise Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 2,222.08 million compared to TWD 2,840.79 million a year ago. Net loss was TWD 28.17 million compared to TWD 38.38 million a year ago. Basic loss per share from continuing operations was TWD 0.0854 compared to TWD 0.1138 a year ago.
For the six months, sales was TWD 4,265.33 million compared to TWD 5,191.57 million a year ago. Net income was TWD 58.16 million compared to net loss of TWD 1.48 million a year ago. Basic earnings per share from continuing operations was TWD 0.1707.
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.