According to Walsin Lihwa, a leading stainless steel wire rod manufacturer in Taiwan, due to the steadily growing steel wire and cable business, its performance was expected to be better in the third quarter, and that in the second half will be improved from the first half as well.

Walsin Lihwa reported that its net profit after tax in the second quarter was NT$3.59 billion, up by 91% quarter on quarter and 24.65% year on year. The earnings per share after tax were NT$1.05, hitting the highest compared to the past 12 quarters. The net profit after tax in the first half of this year was NT$5.47 billion, a year-on-year increase of 83%, with earnings per share of NT$1.6.