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Quintain Steel's income rises in November

One of Taiwan's leading wire rod producers, Quintain Steel Co., Ltd. announced that its fiscal November consolidated income totaled NT$227.23 million, up 32.6% from the previous month and up 9.8% from the same period of the previous year.

Quintain Steel's income rises in November

During the first 11 months of this year, Quintain Steel's consolidated income has totaled approximately NT$2.747 billion, a decrease of 18.35% compared to the comparable period last year.

In November, the company recorded a net loss before tax of NT$22.71 million, a net loss after tax of NT$17.85 million and a loss of NT$0.03 per share. The total net loss for the first 11 months was NT$252.32 million, with a loss per share of NT$0.67.

The annual financial report shows a significant reduction in Quintain Steel's losses in November. The company also expects future operating performance to improve due to the investment in the Chateau Beach Resort.

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