Chain Chon Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 04:07 pm
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Chain Chon Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 4,700.218 million compared to TWD 3,162.139 million a year ago. Operating income was TWD 188.143 million compared to operating loss of TWD 3.969 million a year ago. Net income was TWD 134.513 million compared to TWD 3.920 million a year ago. Basic earnings per share was TWD 0.81 compared to TWD 0.02 a year ago. Basic earnings per share from continuing operations was TWD 0.81. For the half year, total revenue was TWD 8,259.230 million compared to TWD 6,031.105 million a year ago. Operating income was TWD 315.318 million compared to operating loss of TWD 58.298 million a year ago. Net income was TWD 178.449 million compared to net loss of TWD 107.444 million a year ago. Basic earnings per share was TWD 1.08 compared to basic loss per share of TWD 0.65 a year ago. Basic earnings per share from continuing operations was TWD 1.08 compared to basic loss per share from continuing operations of TWD 0.64 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.