Taiwan’s Froch Enterprise Q3 performance drives company out from losses this year
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Update time : 2020-11-04 18:51:29
According to a financial report from Froch Enterprise Co., Ltd., one of the stainless steel pipe manufacturers in Taiwan, the firm's total revenue for this third quarter was around NT$2.7 billion, with a net profit of around NT$99 million.
The main reason for the positive operation was because of the increasing stainless steel prices, which stimulated the product’s margin rate.
In the first three quarters of this year, Froch Enterprise had a net profit of roughly NT$95.3 million, with total revenue of approximately NT$7.7 billion.
