GEM Terminal Industry Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:20 am EDT
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GEM Terminal Industry 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 562.82 million compared to TWD 809.72 million a year ago. Net loss was TWD 30.23 million compared to TWD 3 million a year ago. Basic loss per share from continuing operations was TWD 0.18 compared to TWD 0.02 a year ago. Diluted loss per share from continuing operations was TWD 0.18 compared to TWD 0.02 a year ago.
For the six months, sales was TWD 1,126.72 million compared to TWD 1,650.36 million a year ago. Net loss was TWD 68.77 million compared to net income of TWD 2.68 million a year ago. Basic loss per share from continuing operations was TWD 0.41 compared to basic earnings per share from continuing operations of TWD 0.02 a year ago. Diluted loss per share from continuing operations was TWD 0.41 compared to diluted earnings per share from continuing operations of TWD 0.02 a year ago.
Gem Terminal Ind. Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of connectors. The Company's products are mainly used in the manufacturing of electronic communication, automobile transportation and electric appliance plugs. The Company is also engaged in the provision of raw materials, ceramic ferrules, bushings and molds. The Company mainly distributes its products in Mainland China and Taiwan markets.