Chia Yi Steel Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:30 pm
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Chia Yi Steel 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 337.44 million compared to TWD 312.5 million a year ago. Revenue was TWD 332.42 million compared to TWD 303.79 million a year ago. Net income was TWD 0.337 million compared to net loss of TWD 2.8 million a year ago. Basic earnings per share from continuing operations was TWD 0.01 compared to basic loss per share from continuing operations of TWD 0.06 a year ago. Diluted earnings per share from continuing operations was TWD 0.01 compared to diluted loss per share from continuing operations of TWD 0.06 a year ago.
For the six months, sales was TWD 638.32 million compared to TWD 588.29 million a year ago. Revenue was TWD 628.5 million compared to TWD 574.43 million a year ago. Net income was TWD 0.746 million compared to net loss of TWD 12.49 million a year ago. Basic earnings per share from continuing operations was TWD 0.02 compared to basic loss per share from continuing operations of TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 0.02 compared to diluted loss per share from continuing operations of TWD 0.28 a year ago.
CHIA YI STEEL CO., LTD. is principally engaged in the forging, processing and distribution of casting iron products. The Company primarily involves in the manufacture and precision processing of iron products, which are applied in mechanical parts, electric motor parts, automobile parts, oil pressure parts and other hardware and spare parts, among others. The Company also offers molds and customer-tailored precision processing services. The Company distributes its products mainly in Asia, the Americas and other regions.
CHIA YI STEEL CO., LTD. 
