Chain Chon Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 09:46 am EST
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Chain Chon Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 4,262.008 million compared to TWD 3,861.487 million a year ago. Operating income was TWD 109.594 million compared to TWD 65.180 million a year ago. Net income was TWD 97.832 million compared to TWD 45.129 million a year ago. Basic earnings per share was TWD 0.59 compared to TWD 0.27 a year ago. For the nine months, sales was TWD 11,774.901 million compared to TWD 12,094.262 million a year ago. Operating income was TWD 143.503 million compared to TWD 87.018 million a year ago. Net loss was TWD 21.075 million compared to TWD 42.626 million a year ago. Basic loss per share was TWD 0.13 compared to TWD 0.26 a year ago.
Chain Chon Industrial Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel products. The Company mainly operates through three business segments. The Cutting Processing segment is mainly engaged in the cutting, processing and trading of stainless steel plates and stainless steel round bars. The Pipes Processing segment is mainly engaged in the manufacture and sales of stainless steel pipes. The Others segment is engaged in the sales of other stainless steel products, including angle irons and channel steels. The Company is also involved in the provision of other stainless steel processing services and surface processing services, including the polishing, shearing, roller bending services. The Company mainly operates its businesses in Taiwan, the rest of Asia and the Americas.
CHAIN CHON INDUSTRIAL CO., LTD. 
