24
Feb
09:39
Walsin Lihwa reports soaring profit in 2021
Walsin Lihwa, a leading stainless steel manufacturer in Taiwan, reported surging annual profit on consolidated revenue of TWD 156.7 billion ($5.6 billion) for 2021, up 39.2% year-on-year.
During the reporting year, Walsin Lihwa’s net attributable profit reached roughly TWD 14.64 billion, a y-o-y surge of 118.85%, Kallanish notes.
The company attributed the surging profit to the growth in sales mainly from three businesses, including power cable & wire, …
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Very good overview of the weekly steel market.
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