Advanced International Multitech Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 02:36 pm EST
Share
Advanced International Multitech Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,580.37 million compared to TWD 4,981.6 million a year ago. Net loss was TWD 385.28 million compared to net income of TWD 627.45 million a year ago. Basic loss per share from continuing operations was TWD 2.8 compared to basic earnings per share from continuing operations of TWD 4.74 a year ago. Diluted loss per share from continuing operations was TWD 2.8 compared to diluted earnings per share from continuing operations of TWD 4.42 a year ago.
For the nine months, sales was TWD 10,672.84 million compared to TWD 15,483.11 million a year ago. Net income was TWD 24.61 million compared to TWD 1,716.02 million a year ago. Basic earnings per share from continuing operations was TWD 0.18 compared to TWD 12.97 a year ago. Diluted earnings per share from continuing operations was TWD 0.18 compared to TWD 12.58 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.
ADVANCED INTERNATIONAL MULTITECH CO., LTD. 
