Ching Chan Optical Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023
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Ching Chan Optical Technology 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 139.89 million compared to TWD 141.91 million a year ago. Net income was TWD 7.06 million compared to TWD 3.82 million a year ago. Basic earnings per share from continuing operations was TWD 0.2 compared to TWD 0.11 a year ago. Diluted earnings per share from continuing operations was TWD 0.2 compared to TWD 0.11 a year ago.
For the six months, sales was TWD 266.95 million compared to TWD 258.17 million a year ago. Net income was TWD 10.62 million compared to TWD 34.05 million a year ago. Basic earnings per share from continuing operations was TWD 0.3 compared to TWD 0.95 a year ago. Diluted earnings per share from continuing operations was TWD 0.3 compared to TWD 0.95 a year ago.
CHING CHAN OPTICAL TECHNOLOGY CO., LTD. is a Taiwan-based company mainly engaged in research, design, manufacture and sales of optical sorting machine used for detection of fasteners, as well as manufacture and sales of fastener former machines. The Company's main products contain optical sorting machines and fastener former machines. Optical sorting machines contain rotary disk sorting machines, eddy current sorting machines, conveyor sorting machines, glass dial sorting machines and first article inspection machines. Fastener former machines contain screw formers, bolt parts formers and others. It also engaged in sales, maintenance and after-sales service of hopper, conveyor system, packaging machine and other peripheral equipment for sorting machines.