Sinkang Industries Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:00 am EST
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Sinkang Industries Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 724.81 million compared to TWD 805.83 million a year ago. Net income was TWD 8.29 million compared to TWD 12.59 million a year ago. Basic earnings per share from continuing operations was TWD 0.07 compared to TWD 0.1 a year ago. Diluted earnings per share from continuing operations was TWD 0.07 compared to TWD 0.1 a year ago.
For the nine months, sales was TWD 2,141.45 million compared to TWD 2,604.61 million a year ago. Net loss was TWD 12.17 million compared to net income of TWD 31.31 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 0.24 a year ago. Diluted loss per share from continuing operations was TWD 0.09 compared to diluted earnings per share from continuing operations of TWD 0.24 a year ago.
Sinkang Industries Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sale of stainless steel sheets, rolls, bars, wires and tubes. The Company also provides shearing services, slitting services, surface treatment services, mirror finishing services, section steel processing and tread plate manufacturing services. The Company's products are applied in construction, food, kitchenware, transportation, chemical, medical equipment, electronics, environmental protection, firefighting, home appliance, furniture and other fields. The Company distributes its products in domestic markets and to overseas markets.