Kuo Toong International Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 05:20 pm
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Kuo Toong International Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 1,039.584 million compared to TWD 513.873 million a year ago. Operating income was TWD 146.431 million compared to TWD 38.591 million a year ago. Net income was TWD 103.813 million compared to TWD 21.296 million a year ago. Basic earnings per share from continuing operations was TWD 0.42 compared to TWD 0.09 a year ago.
KUO TOONG INTERNATIONAL CO., LTD. is a Taiwan-based company principally engaged in the engineering contracting business. The Company provides engineering contracting services for water transmission pipelines, waste treatment pipelines and others, as well as the manufacture and sale of prestressed concrete cylinder pipes (PCCPs), reinforced concrete pipes (RCPs), prestressed concrete non-cylinder pipes (PSCPs), jacking pipes (JCPs), ductile iron pipes (DIPs), welded steel pipes (WSPs), stainless steel pipes and steel pipe joints, among others. It also involves in sea water desalination business. The Company principally operates its business in domestic market.
KUO TOONG INTERNATIONAL CO., LTD. 
