Formosa Advanced Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 11, 2020 at 03:24 pm EDT
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Formosa Advanced Technologies Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 2,574.022 million compared to TWD 2,172.966 million a year ago. Operating income was TWD 464.164 million compared to TWD 304.237 million a year ago. Net income was TWD 387.656 million compared to TWD 256.214 million a year ago. Basic earnings per share was TWD 0.88 compared to TWD 0.58 a year ago.
Formosa Advanced Technologies Co., Ltd. is a Taiwan-based company principally engaged in the provision of integrated circuit (IC) assembly and related testing services and module services. The Company provides services applied in thin small outline packages (TSOPs), small outline packages (SOPs), quad flat packages (QFPs), thin quad flat packages (TQFPs), ball grid array (BGA) packages, chip probing (CP) testing, solid state disk (SSD) testing, system-in-package (SIP) testing, embedded multimedia card (eMMC) testing, as well as cutting, grinding and testing of light emitting diodes (LED) wafers, among others. The Company operates its businesses principally in Taiwan, Hong Kong and South Korea.
FORMOSA ADVANCED TECHNOLOGIES CO., LTD. 
