Formosa Advanced Technologies Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
February 25, 2021 at 01:04 pm EST
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Formosa Advanced Technologies Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 9,706.776 million compared to TWD 9,457.849 million a year ago. Operating income was TWD 1,685.283 million compared to TWD 1,478.501 million a year ago. Net income was TWD 1,402.677 million compared to TWD 1,262.496 million a year ago. Basic earnings per share from continuing operations was TWD 3.17 compared to TWD 2.85 a year ago. Diluted earnings per share from continuing operations was TWD 3.16 compared to TWD 2.85 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.