Tsang Yow Industrial Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023 at 09:46 pm EST
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Tsang Yow Industrial 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 305.87 million compared to TWD 320.51 million a year ago. Net income was TWD 226.69 million compared to TWD 47.94 million a year ago. Basic earnings per share from continuing operations was TWD 0.12 compared to TWD 0.59 a year ago. Diluted earnings per share from continuing operations was TWD 0.12 compared to TWD 0.58 a year ago. Basic earnings per share was TWD 2.21 compared to TWD 0.47 a year ago. Diluted earnings per share was TWD 2.2 compared to TWD 0.47 a year ago.
For the nine months, sales was TWD 907.25 million compared to TWD 1,066.28 million a year ago. Net income was TWD 310.4 million compared to TWD 137.99 million a year ago. Basic earnings per share from continuing operations was TWD 1.37 compared to TWD 1.72 a year ago. Diluted earnings per share from continuing operations was TWD 1.36 compared to TWD 1.71 a year ago. Basic earnings per share was TWD 3.03 compared to TWD 1.35 a year ago. Diluted earnings per share was TWD 3.01 compared to TWD 1.34 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.