Yieh Hsing Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 03:17 am EST
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Yieh Hsing Enterprise 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 1,433.43 million compared to TWD 1,959.84 million a year ago. Net loss was TWD 274.62 million compared to net income of TWD 10.5 million a year ago. Basic loss per share from continuing operations was TWD 0.52 compared to basic earnings per share from continuing operations of TWD 0.02 a year ago. Diluted loss per share from continuing operations was TWD 0.52 compared to diluted earnings per share from continuing operations of TWD 0.02 a year ago.
For the nine months, sales was TWD 5,525.85 million compared to TWD 5,386.08 million a year ago. Net loss was TWD 447.56 million compared to net income of TWD 36.56 million a year ago. Basic loss per share from continuing operations was TWD 0.84 compared to basic earnings per share from continuing operations of TWD 0.07 a year ago. Diluted loss per share from continuing operations was TWD 0.84 compared to diluted earnings per share from continuing operations of TWD 0.07 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.