Tsang Yow Industrial Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022
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Tsang Yow Industrial Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 465.31 million compared to TWD 430.62 million a year ago. Net income was TWD 45.15 million compared to net loss of TWD 6.59 million a year ago. Basic earnings per share from continuing operations was TWD 0.44 compared to basic loss per share from continuing operations of TWD 0.06 a year ago. Diluted earnings per share from continuing operations was TWD 0.44 compared to diluted loss per share from continuing operations of TWD 0.06 a year ago. Basic earnings per share was TWD 0.44 compared to basic loss per share of TWD 0.06 a year ago. Diluted earnings per share was TWD 0.44 compared to diluted loss per share of TWD 0.06 a year ago.
For the six months, sales was TWD 964.42 million compared to TWD 900.72 million a year ago. Net income was TWD 90.05 million compared to net loss of TWD 8.18 million a year ago. Basic earnings per share from continuing operations was TWD 0.88 compared to basic loss per share from continuing operations of TWD 0.08 a year ago. Diluted earnings per share from continuing operations was TWD 0.88 compared to diluted loss per share from continuing operations of TWD 0.08 a year ago. Basic earnings per share was TWD 0.88 compared to basic loss per share of TWD 0.08 a year ago. Diluted earnings per share was TWD 0.88 compared to diluted loss per share of TWD 0.08 a year ago.
TSANG YOW INDUSTRIAL CO.,LTD. is a Taiwan-based company principally engaged in the manufacture, wholesale and retail of automotive parts and components. The Company's main products include automotive automatic transmission components, heavy truck clutch components, industrial machinery components and others. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.