Tang Eng Iron Works Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022
Share
Tang Eng Iron Works Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 4,034.42 million compared to TWD 3,064.47 million a year ago. Revenue was TWD 4,034.42 million compared to TWD 3,064.47 million a year ago. Net income was TWD 289.89 million compared to TWD 55.89 million a year ago. Basic earnings per share from continuing operations was TWD 0.83 compared to TWD 0.16 a year ago.
TANG ENG IRON WORKS CO., LTD. is principally engaged in the manufacture and distribution of stainless steel products. The Companyâs stainless steel products portfolio consists of cold-rolled steel coils and hot-rolled steel coils, which are applied in industries such as food, chemical, household decorations, construction materials, electronics, motor vehicles and medical equipment, among others. The Company operates its business through two segments. The Stainless Steel segment is principally engaged in the manufacture of stainless steel products and sales to retailers. The Rail Vehicle segment is engaged in the manufacture and retailing of rail vehicles and other retail parts.