Advanced International Multitech Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 03:36 pm EDT
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Advanced International Multitech Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 4,981.6 million compared to TWD 3,680.81 million a year ago. Net income was TWD 627.45 million compared to TWD 252.95 million a year ago. Basic earnings per share from continuing operations was TWD 4.74 compared to TWD 1.87 a year ago. Diluted earnings per share from continuing operations was TWD 4.42 compared to TWD 1.87 a year ago.
For the nine months, sales was TWD 15,483.11 million compared to TWD 12,044.86 million a year ago. Net income was TWD 1,716.02 million compared to TWD 929.75 million a year ago. Basic earnings per share from continuing operations was TWD 12.97 compared to TWD 6.87 a year ago. Diluted earnings per share from continuing operations was TWD 12.58 compared to TWD 6.82 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.