Formosa Advanced Technologies Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 01:42 am EST
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Formosa Advanced Technologies Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,641.11 million compared to TWD 2,670.78 million a year ago. Net income was TWD 43.77 million compared to TWD 626.82 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to TWD 1.42 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to TWD 1.42 a year ago.
For the nine months, sales was TWD 5,691.74 million compared to TWD 7,932.5 million a year ago. Net income was TWD 506.27 million compared to TWD 1,773.26 million a year ago. Basic earnings per share from continuing operations was TWD 1.14 compared to TWD 4.01 a year ago. Diluted earnings per share from continuing operations was TWD 1.14 compared to TWD 4 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.