Froch Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:14 am EDT
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Froch Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 3,463.11 million compared to TWD 4,468.7 million a year ago. Net loss was TWD 101.72 million compared to net income of TWD 362.4 million a year ago. Basic loss per share from continuing operations was TWD 0.36 compared to basic earnings per share from continuing operations of TWD 1.29 a year ago. Diluted loss per share from continuing operations was TWD 0.36 compared to diluted earnings per share from continuing operations of TWD 1.29 a year ago.
For the six months, sales was TWD 6,695.34 million compared to TWD 8,914.78 million a year ago. Net income was TWD 47.99 million compared to TWD 711.75 million a year ago. Basic earnings per share from continuing operations was TWD 0.17 compared to TWD 2.54 a year ago. Diluted earnings per share from continuing operations was TWD 0.17 compared to TWD 2.53 a year ago.
Froch Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of stainless steel pipes, steel pipes, copper pipes, aluminum pipes and related products. The Company mainly provides stainless steel pipes, stainless steel coils and carbon steels. The Company distributes its products within Taiwan market and to Europe, the rest of Asia and North America markets.