Feng Hsin Steel Co.,Ltd Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 09:37 am EST
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Feng Hsin Steel Co.,Ltd announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 6,686.245 million compared to TWD 7,819.251 million a year ago. Operating income was TWD 421.303 million compared to TWD 893.658 million a year ago. Net income was TWD 361.528 million compared to TWD 753.254 million a year ago. Basic earnings per share was TWD 0.62 compared to TWD 1.3 a year ago. For the nine months, sales was TWD 20,611.206 million compared to TWD 22,789.135 million a year ago. Operating income was TWD 1,514.405 million compared to TWD 2,460.836 million a year ago. Net income was TWD 1,483.854 million compared to TWD 2,122.437 million a year ago. Basic earnings per share was TWD 2.55 compared to TWD 3.65 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. 
