Allied Circuit Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 11:21 pm EDT
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Allied Circuit Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was TWD 696.28 million compared to TWD 936.69 million a year ago. Net income was TWD 52.65 million compared to TWD 175.49 million a year ago.
Basic earnings per share from continuing operations was TWD 1.06 compared to TWD 3.53 a year ago. Diluted earnings per share from continuing operations was TWD 1.05 compared to TWD 3.51 a year ago.
Allied Circuit Co Ltd is principally engaged in the manufacture and distribution of printed circuit boards (PCBs). The Company primarily provides multi-layer PCBs and high density interconnect (HDI) boards. The Company's double-sided PCBs are mainly used in terminals, fax machines, computer peripheral equipment, industrial instruments and general communications equipment, among others. Its multi-layer PCBs are mainly applied in computer and related peripherals, consumer electronics, data storage devices, servers, computer workstations, precise testers, communications equipment, industrial control instruments and medical devices, among others. The Company mainly distributes its products to domestic and Asia market.