Jian Sin Industrial Co., Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 14, 2018
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Jian Sin Industrial Co., Ltd. announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced sales was TWD 604.726 million compared to TWD 673.588 million a year ago. Operating income was TWD 20.150 million compared to TWD 40.400 million a year ago. Net income was TWD 22.676 million compared to TWD 30.059 million a year ago. Basic and diluted earnings per share was TWD 0.49 compared to TWD 0.65 a year ago.
For the nine months, sales was TWD 1,959.922 million compared to TWD 2,222.728 million a year ago. Operating income was TWD 109.026 million compared to TWD 198.292 million a year ago. Net income was TWD 86.646 million compared to TWD 154.694 million a year ago. Basic earnings per share was TWD 1.86 compared to TWD 3.33 a year ago. Diluted earnings per share was TWD 1.86 compared to TWD 3.32 a year ago.
JIAN SIN INDUSTRIAL CO, LTD, formerly Yuan Feng Industrial Co Ltd, is a Taiwan-based company principally engaged in the manufacture, processing and distribution of various steel wheels and aluminum alloy wheels. The Company's steel wheels are used as vehicle steel rims for cars, sport utility vehicles (SUVs) and medium-sized trucks, among others. Its aluminum alloy wheels are used as wheel rims for trailers, passenger cars, stacking machines and farm cultivators. The Company distributes its products in domestic market and to overseas markets, including Japan, North America, Australia, Europe, Middle East, South Africa, among others.