9,062.36 TL BIST 100 BIST 100
4.36 CNY CNY CNY
31.22 $ USD USD
€33.83 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.64 TL Interest Interest
83.62 $ Fossil Oil Fossil Oil
22.49 $ Silver Silver
3.85 $ Copper Copper
113.88 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.68 TL Gold (gr) Gold (gr)

Tang Eng's income decreases in November

Taiwanese Tang Eng's income decreases in November due to weak market demand.

Tang Eng's income decreases in November

Tang Eng Iron Works Co., Ltd., one of Taiwan's leading stainless steel producers, reported its consolidated income in November was NT$1.25 billion, rising 3.6 percent month on month and 18.5% year on year. Consolidated income in the first 11 months increased by 15% year-on-year to NT$13.1 billion.

Tang Eng said that the current international stainless steel market is dull due to weak demand and that the company's performance will pick up once the market warms up.

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