Formosa Advanced Technologies Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 03:13 am EDT
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Formosa Advanced Technologies 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 1,880.84 million compared to TWD 2,699.09 million a year ago. Net income was TWD 230.91 million compared to TWD 685.31 million a year ago. Basic earnings per share from continuing operations was TWD 0.52 compared to TWD 1.55 a year ago. Diluted earnings per share from continuing operations was TWD 0.52 compared to TWD 1.55 a year ago.
For the six months, sales was TWD 4,050.63 million compared to TWD 5,261.73 million a year ago. Net income was TWD 462.5 million compared to TWD 1,146.45 million a year ago. Basic earnings per share from continuing operations was TWD 1.05 compared to TWD 2.59 a year ago. Diluted earnings per share from continuing operations was TWD 1.04 compared to TWD 2.59 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.