Tycoons Group Posts Loss
September 02
00:00
2006
Tycoons Group Posts Loss
Jason Sandefur
Taiwan wire rod and fastener producer Tycoons Group Enterprise Co. Ltd. posted a net loss of NT 172.1 million (US$5.23 million) during the first six months of 2006, compared with a profit of NT 171.4 million during the first half of 2005. The loss arose despite a slight increase in revenue to NT 709.6 million (US$21.6m), Dow Jones International News reported. >BR>During the first half of 2006 Tycoons announced a joint venture with Jinan Iron & Steel to set up steel plant in Vietnam for annealing wire and producing cold rolled steel and hot-dip galvanized steel coil. �2006 FastenerNews.com
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