Taiwan’s Ting Sin Metal posts increase in net profit in Q1 2020
Ting Sin Metal Co. Ltd., an aluminum alloy supplier in Taiwan, posted its revenue of NT$293 million in the first quarter of this year, dropping by 9.76% compared to the same period a year ago. The net profit attributable to the parent was NT$3.34 million, a year-on-year increase of 549.22%, with an EPS of NT$0.04.
According to Ting Sin, the order volume of aluminum has gradually increased month by month, as well as its profits.
Benefited by order diversions and an increase in orders from China, Ting Sin’s operating revenue was driven to reach higher, especially in its highest revenue division of aluminum alloy bar.
