Gallant Micro. Machining Co., LTD. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 05:00 pm EDT
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Gallant Micro. Machining 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 226.85 million compared to TWD 427.77 million a year ago. Net income was TWD 29.69 million compared to TWD 92.14 million a year ago. Basic earnings per share from continuing operations was TWD 1.05 compared to TWD 3.39 a year ago. Diluted earnings per share from continuing operations was TWD 1.05 compared to TWD 3.36 a year ago.
For the six months, sales was TWD 483.32 million compared to TWD 822.04 million a year ago. Net income was TWD 43.4 million compared to TWD 171.3 million a year ago. Basic earnings per share from continuing operations was TWD 1.53 compared to TWD 6.31 a year ago. Diluted earnings per share from continuing operations was TWD 1.52 compared to TWD 6.22 a year ago.
Gallant Micro Machining Co Ltd is a Taiwan-based company mainly engaged in the manufacture of semiconductor process equipment and related precision molds. The main products include precision processing equipment such as punching and forming machines, automatic sealing machines and others, precision pick-and-place equipment such as integrated circuit (IC) die pickers, IC die bonding machines and others, optoelectronic laser equipment such as laser marking machines and automatic optical inspection equipment, and other equipment such as wafer or die transfer precision pick-and-place application equipment, semi-automatic permanent magnet motor packaging equipment, and others. The Company also provides parts and technical services, as well as the manufacture and maintenance of electronic testing instruments (except weights and measures) and equipment. The Company distributes products in Taiwan, Asia (China Mainland), and other markets.