Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 26, 2020 at 02:30 pm
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Tang Eng Iron Works Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 2,923.743 million compared to TWD 3,494.734 million a year ago. Operating income was TWD 19.152 million compared to operating loss of TWD 31.592 million a year ago. Net income was TWD 58.081 million compared to TWD 708.454 million a year ago. Basic earnings per share was TWD 0.17 compared to TWD 2.02 a year ago. For the nine months, total revenue was TWD 8,410.010 million compared to TWD 9,785.216 million a year ago. Operating loss was TWD 649.875 million compared to TWD 467.260 million a year ago. Net loss was TWD 562.363 million compared to net income of TWD 600.516 million a year ago. Basic loss per share was TWD 1.61 compared to basic earnings per share of TWD 1.72 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. 
