Feng Hsin Steel Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 03:24 pm EDT
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Feng Hsin Steel Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 6,515.187 million compared to TWD 7,026.507 million a year ago. Operating income was TWD 630.034 million compared to TWD 591.503 million a year ago. Net income was TWD 511.499 million compared to TWD 679.490 million a year ago. Basic earnings per share was TWD 0.88 compared to TWD 1.17 a year ago.
Feng Hsin Steel Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel products. The products of the Company include angle steel, channel steel, steel flats, steel bars, special steel, bar steel, steel rods, formed steel and other steel products, among others. Its formed steel products are applied in construction industry, factory buildings, shipbuilding, transmission and distribution towers, machinery manufacturing, automobile maintenance and lifting equipment, transportation, metal products industry and steel structure, among others. The reinforcement bars are mainly used in construction, civil engineering, structure, foundation and others. Bar steel products are mainly used in screw nuts, polished bars, hand tools, auto parts and others. The Company mainly sells its products in Taiwan and other regions.
FENG HSIN STEEL CO., LTD. 
