Tycoons Group Enterprise Co.,Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 11:36 am EST
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Tycoons Group Enterprise Co.,Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 2,631.946 million compared to TWD 2,970.551 million a year ago. Operating loss was TWD 200.863 million compared to operating Income of TWD 59.055 million a year ago. Net loss was TWD 166.763 million compared to TWD 957,000 a year ago. Basic loss per share from continuing operations was TWD 0.35 compared to basic earnings per share from continuing operations of TWD 0.07 a year ago. Basic loss per share was TWD 0.35 compared to Basic EPS of TWD 0 a year ago. For the nine months, sales was TWD 8,595.038 million compared to TWD 8,114.737 million a year ago. Operating loss was TWD 131.338 million compared to operating Income of TWD 133.629 million a year ago. Net loss was TWD 163.776 million compared to net income of TWD 28.557 million a year ago. Basic loss per share from continuing operations was TWD 0.12 compared to basic earnings per share from continuing operations of TWD 0.36 a year ago. Basic loss per share was TWD 0.34 compared to basic earnings per share of TWD 0.06 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. 
