Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 07, 2019 at 12:21 pm
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Tang Eng Iron Works Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 3,494.734 million compared to TWD 3,413.100 million a year ago. Operating loss was TWD 31.592 million compared to TWD 532.871 million a year ago. Net income was TWD 708.454 million compared to net loss of TWD 498.775 million a year ago. Basic earnings per share was TWD 2.02 compared to basic loss per share of TWD 1.43 a year ago. For the nine months, sales was TWD 9,785.216 million compared to TWD 12,016.395 million a year ago. Operating loss was TWD 467.260 million compared to TWD 775.053 million a year ago. Net income was TWD 600.516 million compared to net loss of TWD 743.657 million a year ago. Basic earnings per share was TWD 1.72 compared to basic loss per share of TWD 2.12 a year ago.
TANG ENG IRON WORKS CO., LTD. is principally engaged in the manufacture and distribution of stainless steel products. The Companyâs stainless steel products portfolio consists of cold-rolled steel coils and hot-rolled steel coils, which are applied in industries such as food, chemical, household decorations, construction materials, electronics, motor vehicles and medical equipment, among others. The Company operates its business through two segments. The Stainless Steel segment is principally engaged in the manufacture of stainless steel products and sales to retailers. The Rail Vehicle segment is engaged in the manufacture and retailing of rail vehicles and other retail parts.
TANG ENG IRON WORKS CO., LTD. 
