Yieh Hsing Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:47 am EDT
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Yieh Hsing Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,333.92 million compared to TWD 2,229.82 million a year ago. Net loss was TWD 303.99 million compared to TWD 132.67 million a year ago. Basic loss per share from continuing operations was TWD 0.57 compared to TWD 0.25 a year ago. Diluted loss per share from continuing operations was TWD 0.57 compared to TWD 0.25 a year ago.
For the six months, sales was TWD 2,705.56 million compared to TWD 4,092.42 million a year ago. Net loss was TWD 449.17 million compared to TWD 172.93 million a year ago. Basic loss per share from continuing operations was TWD 0.85 compared to TWD 0.33 a year ago. Diluted loss per share from continuing operations was TWD 0.85 compared to TWD 0.33 a year ago.
YIEH HSING ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of stainless steel wires and carbon steel wires. The main products of the Company include stainless steel wires, carbon steel wires, alloy steel wires, free-cutting steel wires, steel bars and straight bars, among others. Its products are applied in the manufacture of screws, screw caps, small scale hand tools and springs, among others. The Company operates businesses in Taiwan, the United States, Southeast Asia, Northeast Asia and Europe, among others.