Grand-Tek Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:53 pm EDT
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Grand-Tek Technology 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 204.53 million compared to TWD 257.35 million a year ago. Net income was TWD 16.53 million compared to TWD 36.67 million a year ago. Basic earnings per share from continuing operations was TWD 0.55 compared to TWD 1.22 a year ago. Diluted earnings per share from continuing operations was TWD 0.55 compared to TWD 1.22 a year ago.
For the six months, sales was TWD 450.19 million compared to TWD 500.82 million a year ago. Net income was TWD 28.91 million compared to TWD 58.55 million a year ago. Basic earnings per share from continuing operations was TWD 0.96 compared to TWD 1.95 a year ago. Diluted earnings per share from continuing operations was TWD 0.96 compared to TWD 1.94 a year ago.
Grand-Tek Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of high frequency connection cable assemblies and integrated wireless communication sub-systems. The Company provides high frequency connection cable assemblies, which are applied in handheld devices, broadband network electronic products, automobile signal transmission controlling equipment and network communication devices, as well as integrated wireless communication sub-systems, which are applied in the manufacture of remote monitoring systems, smart instruments and outdoor industrial wireless control systems. The Company is also involved in the provision of design services, packaging materials and spare parts purchasing services. The Company distributes its products in Taiwan market and to overseas markets, including Europe, the rest of Asia and the Americas.
GRAND-TEK TECHNOLOGY CO., LTD. 
