GEM Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 07:16 pm EST
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GEM Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,114.38 million compared to TWD 1,377.32 million a year ago. Net income was TWD 135.89 million compared to TWD 293.39 million a year ago. Basic earnings per share from continuing operations was TWD 1.06 compared to TWD 2.27 a year ago. Diluted earnings per share from continuing operations was TWD 1.04 compared to TWD 2.26 a year ago.
For the nine months, sales was TWD 3,269.4 million compared to TWD 4,017.03 million a year ago. Net income was TWD 451.11 million compared to TWD 813.94 million a year ago. Basic earnings per share from continuing operations was TWD 3.5 compared to TWD 6.31 a year ago. Diluted earnings per share from continuing operations was TWD 3.46 compared to TWD 6.24 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. 
