Iron Force Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021
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Iron Force Industrial Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 911.25 million compared to TWD 853.73 million a year ago. Net income was TWD 36.86 million compared to net loss of TWD 9.45 million a year ago. Basic earnings per share from continuing operations was TWD 0.49 compared to basic loss per share from continuing operations of TWD 0.12 a year ago. Diluted earnings per share from continuing operations was TWD 0.48 compared to diluted loss per share from continuing operations of TWD 0.12 a year ago.
For the nine months, sales was TWD 2,782.48 million compared to TWD 2,303.61 million a year ago. Net income was TWD 205.72 million compared to net loss of TWD 21.56 million a year ago. Basic earnings per share from continuing operations was TWD 2.71 compared to basic loss per share from continuing operations of TWD 0.28 a year ago. Diluted earnings per share from continuing operations was TWD 2.64 compared to diluted loss per share from continuing operations of TWD 0.28 a year ago.
IRON FORCE INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of automotive parts and components. The Company's main products include pre-retractable seat belt precision catheters, airbag components, display racks and hangers and others. The Company distributes its products to overseas markets, such as Europe, the Americas and the rest areas of Asia.