Yeong Guan Energy Technology Group Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
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Yeong Guan Energy Technology Group 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 2,480.78 million compared to TWD 2,270.47 million a year ago. Net loss was TWD 133.73 million compared to net income of TWD 30.24 million a year ago. Basic loss per share from continuing operations was TWD 1.21 compared to basic earnings per share from continuing operations of TWD 0.27 a year ago. Diluted loss per share from continuing operations was TWD 1.21 compared to diluted earnings per share from continuing operations of TWD 0.27 a year ago. Basic loss per share was TWD 1.21 compared to basic earnings per share of TWD 0.27 a year ago. Diluted loss per share was TWD 1.21 compared to diluted earnings per share of TWD 0.27 a year ago.
For the nine months, sales was TWD 6,624.29 million compared to TWD 6,650.93 million a year ago. Net loss was TWD 417.33 million compared to net income of TWD 296.36 million a year ago. Basic loss per share from continuing operations was TWD 3.77 compared to basic earnings per share from continuing operations of TWD 2.68 a year ago. Diluted loss per share from continuing operations was TWD 3.77 compared to diluted earnings per share from continuing operations of TWD 2.46 a year ago. Basic loss per share was TWD 3.77 compared to basic earnings per share of TWD 2.68 a year ago. Diluted loss per share was TWD 3.77 compared to diluted earnings per share of TWD 2.46 a year ago.
Yeong Guan Energy Technology Group Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of spherical graphite cast iron and grey cast iron. The Company's main products include energy castings, injection molding machine castings and other castings. The Company's products are mainly used in wind power generation, thermal power generation, injection molding machines, power tools and other machinery. The Company distributes its products in domestic market and to overseas markets, such as Europe, mainland China, the Americas and the rest areas of Asia.