Tsang Yow Industrial Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 10:10 pm
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Tsang Yow Industrial 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 347.95 million compared to TWD 368.74 million a year ago. Net income was TWD 53.18 million compared to TWD 45.15 million a year ago. Basic earnings per share from continuing operations was TWD 0.89 compared to TWD 0.6 a year ago. Diluted earnings per share from continuing operations was TWD 0.89 compared to TWD 0.6 a year ago. Basic earnings per share was TWD 0.52 compared to TWD 0.44 a year ago. Diluted earnings per share was TWD 0.52 compared to TWD 0.44 a year ago.
For the six months, sales was TWD 601.38 million compared to TWD 745.77 million a year ago. Net income was TWD 83.71 million compared to TWD 90.05 million a year ago. Basic earnings per share from continuing operations was TWD 1.25 compared to TWD 1.13 a year ago. Diluted earnings per share from continuing operations was TWD 1.25 compared to TWD 1.13 a year ago. Basic earnings per share was TWD 0.82 compared to TWD 0.88 a year ago. Diluted earnings per share was TWD 0.81 compared to TWD 0.88 a year ago.
TSANG YOW INDUSTRIAL CO.,LTD. is a Taiwan-based company principally engaged in the manufacture, wholesale and retail of automotive parts and components. The Company's main products include automotive automatic transmission components, heavy truck clutch components, industrial machinery components and others. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.