Century Iron & Steel Industrial Co., one of the major steel structures suppliers in Taiwan said its consolidated revenue in the third quarter totaled NT$918 million, down by 8% quarter on quarter.
However, its gross sales profit rate increased from 9.18% in the second quarter to 11.6% in this quarter.
This situation pushed Century's third-quarter operating income has hiked from NT$77 million to become NT$88 million.
To look into the fourth quarter, Century said the company has to ship lots of steel structures to its for its in hand orders; therefore, its fourth-quarter shipping quantity should be able to stay at the same level as in the third quarter.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67132&division=A6
