Chain Chon Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 05:28 pm
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Chain Chon Industrial Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 2,889.022 million compared to TWD 3,469.678 million a year ago. Operating loss was TWD 61.044 million compared to TWD 18.378 million a year ago. Net loss was TWD 111.364 million compared to TWD 114.686 million a year ago. Basic loss per share was TWD 0.67 compared to TWD 0.69 a year ago.
Chain Chon Industrial Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel products. The Company mainly operates through three business segments. The Cutting Processing segment is mainly engaged in the cutting, processing and trading of stainless steel plates and stainless steel round bars. The Pipes Processing segment is mainly engaged in the manufacture and sales of stainless steel pipes. The Others segment is engaged in the sales of other stainless steel products, including angle irons and channel steels. The Company is also involved in the provision of other stainless steel processing services and surface processing services, including the polishing, shearing, roller bending services. The Company mainly operates its businesses in Taiwan, the rest of Asia and the Americas.
CHAIN CHON INDUSTRIAL CO., LTD. 