Tycoons Group Enterprise Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 04:20 pm EDT
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Tycoons Group Enterprise Co.,Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 2,165.318 million compared to TWD 2,753.989 million a year ago. Operating income was TWD 36.523 million compared to TWD 4.868 million a year ago. Net loss was TWD 68.938 million compared to net income of TWD 9.592 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to basic earnings per share from continuing operations of TWD 0.11 a year ago. Basic loss per share was TWD 0.14 compared to basic earnings per share of TWD 0.02 a year ago. For the half year, sales was TWD 4,304.647 million compared to TWD 5,963.092 million a year ago. Operating income was TWD 19.179 million compared to TWD 69.525 million a year ago. Net loss was TWD 162.872 million compared to net income of TWD 2.987 million a year ago. Basic loss per share from continuing operations was TWD 0.34 compared to basic earnings per share from continuing operations of TWD 0.23 a year ago. Basic loss per share was TWD 0.34 compared to basic earnings per share of TWD 0.01 a year ago.
TYCOONS GROUP ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of wire rods and screws. The Company provides wire rod products, including rolled steel for general structure, wire rods for core wire of covered electrode, low carbon steel wire rods and high carbon steel wire rods; screw products, including drywall screws, tapping screws, self-drilling screws, chipboard screws, wood screws, mechanical screws and particle board screws, as well as rebar and others. Its products are applied primarily in the manufacture of hand tools, steel wires, steel cables, machines, electronic products, transportation devices, industrial products and others. The Company distributes its products within domestic market and to overseas markets.
TYCOONS GROUP ENTERPRISE CO.,LTD. 