Yuen Chang Stainless Steel Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022
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Yuen Chang Stainless Steel Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,406.77 million compared to TWD 4,038.07 million a year ago. Net loss was TWD 92.62 million compared to net income of TWD 230.46 million a year ago. Basic loss per share from continuing operations was TWD 0.56 compared to basic earnings per share from continuing operations of TWD 1.49 a year ago. Diluted loss per share from continuing operations was TWD 0.56 compared to diluted earnings per share from continuing operations of TWD 1.48 a year ago.
For the nine months, sales was TWD 11,188.59 million compared to TWD 10,002.58 million a year ago. Net income was TWD 214.23 million compared to TWD 502.67 million a year ago. Basic earnings per share from continuing operations was TWD 1.3 compared to TWD 3.25 a year ago. Diluted earnings per share from continuing operations was TWD 1.22 compared to TWD 3.24 a year ago.
Yuen Chang Stainless Steel Co Ltd engages in manufacture stainless steel sheet and stainless steel plate. The Company's products including stainless steel coil, stainless steel sheet, stainless steel plate and stainless steel strip, among others. The Company also provides stainless steel processing services, such as cold rolled shearing, slitting, surface treatment and hot rolled shearing. The Company distributes its products in domestic market, as well as America, Europe and Asia.