Ta Chen Stainless Pipe Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:04 pm EST
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Ta Chen Stainless Pipe Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 14,559.782 million compared to TWD 19,976.737 million a year ago. Net loss was TWD 95.209 million compared to net income of TWD 219.464 million a year ago. Basic loss per share was TWD 0.08 compared to basic earnings per share of TWD 0.18 a year ago.
For the nine months, sales was TWD 42,807.514 million compared to TWD 61,992.285 million a year ago. Net loss was TWD 1,031.094 million compared to net income of TWD 2,033.607 million a year ago. Basic loss per share was TWD 0.83 compared to basic earnings per share of TWD 1.63 a year ago.
TA CHEN STAINLESS PIPE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of stainless steel products. The Company's main products include stainless steel pipes, stainless steel welded pipe fittings, stainless steel coils, stainless steel cutting and processing products, steel belts, pipe joints, flange, valves and fasteners. In addition, The Company is also engaged in the manufacture and sales of screws and nuts. The Company's mainly distributes its products to the overseas markets.
TA CHEN STAINLESS PIPE CO., LTD. 
