Chiu Ting Machinery Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 10:09 pm EDT
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Chiu Ting Machinery 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 450.92 million compared to TWD 740.12 million a year ago. Net income was TWD 26.78 million compared to TWD 199.97 million a year ago. Basic earnings per share from continuing operations was TWD 0.41 compared to TWD 3.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.41 compared to TWD 3.04 a year ago. Basic earnings per share was TWD 0.41 compared to TWD 3.06 a year ago. Diluted earnings per share was TWD 0.41 compared to TWD 3.04 a year ago.
For the six months, sales was TWD 704.89 million compared to TWD 1,558.94 million a year ago. Net income was TWD 23.3 million compared to TWD 297.77 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to TWD 4.55 a year ago. Diluted earnings per share from continuing operations was TWD 0.36 compared to TWD 4.52 a year ago. Basic earnings per share was TWD 0.36 compared to TWD 4.56 a year ago. Diluted earnings per share was TWD 0.36 compared to TWD 4.53 a year ago.
CHIU TING MACHINERY CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacture, processing and sales of woodworking machineries. The Companyâs primary products include computerized auto carving machines, bench top and stationery planers, manual planers, single spindle shapers, bench top and stationery jointers, computer numerical control (CNC) machine tools and lathes, as well as bench top and stationery table saws. The Company mainly distributes its products in domestic market and overseas markets, including the United States of America (the USA), Canada and other countries.