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Taiwanese Quintain Steel reports financial loss in March

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Quintain Steel, one of the major wire product manufacturers in Taiwan said that the company still faced the loss of NT$1.698 million in March, in spite of gradually recovering sales.

In the first quarter of this year, the company’s sales revenues amounted to NT$1.455 billion and its loss before tax was at NT$27.65 million.

Furthermore, it has been seen that Quintain Steel may face more profit loss in the first half of 2012 since the Taiwanese government will hike the prices of electricity and oils, causing the company receive higher input costs.
News Date 17 Apr 2012 09:44:41 reported by Jack Lee

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