Tachia Yung Ho Machine Industry Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Tachia Yung Ho Machine Industry 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 306.92 million compared to TWD 435.12 million a year ago. Revenue was TWD 306.92 million compared to TWD 435.12 million a year ago. Net income was TWD 8.52 million compared to TWD 71.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.2 compared to TWD 1.68 a year ago. Diluted earnings per share from continuing operations was TWD 0.2 compared to TWD 1.68 a year ago.
For the six months, sales was TWD 628.05 million compared to TWD 860.96 million a year ago. Revenue was TWD 628.05 million compared to TWD 860.96 million a year ago. Net income was TWD 31.55 million compared to TWD 128.12 million a year ago. Basic earnings per share from continuing operations was TWD 0.75 compared to TWD 3.03 a year ago. Diluted earnings per share from continuing operations was TWD 0.74 compared to TWD 3.01 a year ago.
Ta Chia Yung Ho Machine Industry Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of clean-grade pipe fittings and stainless steel welded pipe fittings. Stainless steel welded pipe fittings include elbows, tees, reducers, caps, SU fittings, and lap joint stub-ends. Clean-grade pipe fittings include pipes, fittings (including elbows, tees, reducers, caps), micro-joint components (including vacuum coupling radius (VCR), micro fitting, Lok type fitting, CGA fitting), and valves. The Company also provides food-grade products and feed processing products, testing engineering, valves, meters, gauges, filters, equipment, valve shutters, domestic pipe sales, foreign pipe import agents, pipe sales in Japan, gas sales, clean room vacuum cleaners, and industrial vacuum cleaners. The products are mainly sold domestically and exported to Asia, America, and Europe.