Gallant Precision Machining Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:28 am EST
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Gallant Precision Machining 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 665.87 million compared to TWD 1,285.04 million a year ago. Net income was TWD 16.24 million compared to TWD 162.15 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to TWD 1 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to TWD 0.99 a year ago.
For the nine months, sales was TWD 2,062.03 million compared to TWD 3,516.5 million a year ago. Net income was TWD 97.59 million compared to TWD 374.09 million a year ago. Basic earnings per share from continuing operations was TWD 0.6 compared to TWD 2.32 a year ago. Diluted earnings per share from continuing operations was TWD 0.59 compared to TWD 2.29 a year ago.
Gallant Precision Machining Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture and sales of display process equipment, semiconductor process equipment and intelligent automation equipment. The Company provides integrated circuit (IC) packaging front-end equipment, IC packaging back-end equipment, as well as thin film transistor (TFT)-LCD, organic light-emitting diode (OLED), three dimensions (3D) displays and touch panel equipment. The Company also provides manufacture and test equipment for solar panels, as well as automation handling systems and others. The Company distributes its products in domestic market and to overseas markets.