Tsang Yow Industrial Co.,Ltd. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021
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Tsang Yow Industrial Co.,Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 430.615 million compared to TWD 339.393 million a year ago. Operating loss was TWD 3.252 million compared to TWD 17.166 million a year ago. Net loss was TWD 6.585 million compared to net income of TWD 2.639 million a year ago. Basic loss per share was TWD 0.06 compared to basic earnings per share of TWD 0.03 a year ago. For the half year, sales was TWD 900.724 million compared to TWD 740.406 million a year ago. Operating income was TWD 66,000 compared to operating loss of TWD 43.292 million a year ago. Net loss was TWD 8.179 million compared to TWD 17.606 million a year ago. Basic loss per share was TWD 0.08 compared to TWD 0.17 a year ago.
TSANG YOW INDUSTRIAL CO.,LTD. is a Taiwan-based company principally engaged in the manufacture, wholesale and retail of automotive parts and components. The Company's main products include automotive automatic transmission components, heavy truck clutch components, industrial machinery components and others. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.