Jiangsu Toland Alloy Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 18, 2020 at 07:52 am EDT
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Jiangsu ToLand Alloy Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 256.100 million compared to CNY 218.835 million a year ago. Operating income was CNY 45.237 million compared to CNY 47.922 million a year ago. Net income was CNY 39.753 million compared to CNY 41.950 million a year ago. Basic earnings per share from continuing operations was CNY 0.27 compared to CNY 0.28 a year ago.
Jiangsu ToLand Alloy Co Ltd is a Chinese company mainly engaged in the research and development, production and sales of high-performance alloy materials and their products. The company's main products include cast superalloys, deformed superalloys and special stainless steels, such as precision castings, master alloys, bars, pipes, wires, etc. Its products are mainly used in military and high-end civilian fields such as aero engines, gas turbines, and nuclear power equipment. The company operates in the domestic and overseas markets.