Wei Chih Steel Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:09 am EST
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Wei Chih Steel 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 1,806.91 million compared to TWD 2,464.25 million a year ago. Net loss was TWD 30.71 million compared to net income of TWD 60.95 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 0.19 a year ago. Diluted loss per share from continuing operations was TWD 0.09 compared to diluted earnings per share from continuing operations of TWD 0.19 a year ago.
For the nine months, sales was TWD 7,742.73 million compared to TWD 9,441.11 million a year ago. Net income was TWD 296.87 million compared to TWD 677.57 million a year ago. Basic earnings per share from continuing operations was TWD 0.92 compared to TWD 2.08 a year ago. Diluted earnings per share from continuing operations was TWD 0.92 compared to TWD 2.08 a year ago.
WEI CHIH STEEL INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel products. The Company's main products include steel bars, flat irons, angle irons, U-shaped irons, polished rods, round irons, wire rods, large steel embryos, small steel embryos, steel ingots, shaped steels, alloy steels, tool steels, low-carbon steels, medium carbon steels, high carbon steels, hardware machinery, iron materials, electric materials and other metal materials. In addition, The Company also engages in aircraft and parts manufacturing and waste disposal. The Company distributes its products within the domestic market and to overseas markets.