GEM Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 05:11 pm EDT
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GEM Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,087.76 million compared to TWD 1,373.56 million a year ago. Net income was TWD 155.28 million compared to TWD 267.87 million a year ago. Basic earnings per share from continuing operations was TWD 1.2 compared to TWD 2.07 a year ago. Diluted earnings per share from continuing operations was TWD 1.19 compared to TWD 2.06 a year ago.
For the six months, sales was TWD 2,155.02 million compared to TWD 2,639.71 million a year ago. Net income was TWD 315.22 million compared to TWD 520.56 million a year ago. Basic earnings per share from continuing operations was TWD 2.44 compared to TWD 4.03 a year ago. Diluted earnings per share from continuing operations was TWD 2.42 compared to TWD 4 a year ago.
GEM Services, Inc. is a Cayman Islands-based multinational semiconductor assembly and test contractor. The Company specializes in small-outline surface-mount packages for power management semiconductors. Its customers are semiconductor manufacturers who require both industry standard and advanced packaging solutions as part of their portfolio of value-added products for portable, battery-powered communications, computing systems, industry, and automobile applications. It operates two factories in Greater China: Shanghai, China; Hefei, China, which produces industry standard and advanced discrete, integrated circuits (IC) and multi-chip module (MCM) packages, including concepts co-developed with customers. The Companyâs products and services include packaging development, wafer processing, assembly services, electrical test, logistic services and reliability testing. Its electrical test includes discrete device electrical testing and analog and power IC electrical testing.
GEM SERVICES, INC. 
