Yuen Chang Stainless Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 10, 2020 at 04:48 pm
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Yuen Chang Stainless Steel Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 1,593.195 million compared to TWD 1,974.536 million a year ago. Operating loss was TWD 53.126 million compared to TWD 60.120 million a year ago. Net loss was TWD 87.157 million compared to net income of TWD 9.740 million a year ago. Basic loss per share was TWD 0.56 compared to basic earnings per share of TWD 0.06 a year ago.
Yuen Chang Stainless Steel Co Ltd engages in manufacture stainless steel sheet and stainless steel plate. The Company's products including stainless steel coil, stainless steel sheet, stainless steel plate and stainless steel strip, among others. The Company also provides stainless steel processing services, such as cold rolled shearing, slitting, surface treatment and hot rolled shearing. The Company distributes its products in domestic market, as well as America, Europe and Asia.