Ta Chen Stainless Pipe Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022
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Ta Chen Stainless Pipe 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 27,736.83 million compared to TWD 26,020.37 million a year ago. Net income was TWD 1,675.45 million compared to TWD 3,036.55 million a year ago. Basic earnings per share from continuing operations was TWD 0.725 compared to TWD 1.5333 a year ago. Diluted earnings per share from continuing operations was TWD 0.7167 compared to TWD 1.525 a year ago. Basic earnings per share was TWD 0.725 compared to TWD 1.5333 a year ago. Diluted earnings per share was TWD 0.7167 compared to TWD 1.525 a year ago.
For the nine months, sales was TWD 90,248.97 million compared to TWD 72,463.54 million a year ago. Net income was TWD 11,430.07 million compared to TWD 6,807.13 million a year ago. Basic earnings per share from continuing operations was TWD 4.925 compared to TWD 3.4417 a year ago. Diluted earnings per share from continuing operations was TWD 4.9 compared to TWD 3.4333 a year ago. Basic earnings per share was TWD 4.925 compared to TWD 3.4417 a year ago. Diluted earnings per share was TWD 4.9 compared to TWD 3.4333 a year ago.
TA CHEN STAINLESS PIPE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of stainless steel products. The Company's main products include stainless steel pipes, stainless steel welded pipe fittings, stainless steel coils, stainless steel cutting and processing products, steel belts, pipe joints, flange, valves and fasteners. In addition, The Company is also engaged in the manufacture and sales of screws and nuts. The Company's mainly distributes its products to the overseas markets.