Advanced International Multitech Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 03:27 pm EDT
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Advanced International Multitech Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 3,108.33 million compared to TWD 5,520.29 million a year ago. Net income was TWD 156.06 million compared to TWD 607.03 million a year ago. Basic earnings per share from continuing operations was TWD 1.14 compared to TWD 4.59 a year ago. Diluted earnings per share from continuing operations was TWD 1.1 compared to TWD 4.58 a year ago.
For the six months, sales was TWD 8,092.46 million compared to TWD 10,501.5 million a year ago. Net income was TWD 409.88 million compared to TWD 1,088.58 million a year ago. Basic earnings per share from continuing operations was TWD 3 compared to TWD 8.23 a year ago. Diluted earnings per share from continuing operations was TWD 2.85 compared to TWD 8.18 a year ago.
ADVANCED GROUP is a Taiwan company principally engaged in the manufacture, processing and sales of carbon fiber prepregs and carbon fiber products. The Company's main products include golf clubs and other golf equipment, golf balls and composite products. The Company is also involved in the manufacture, processing and sales of carbon fiber fabrics in the aerospace industry, as well as the import and export trading of golf related products and carbon fiber fabrics. The Company distributes its products in domestic market and to overseas markets, including the Americas, the rest areas of Asia and others.