Hota Industrial Mfg. Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:35 am EDT
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Hota Industrial Mfg. 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 1,781.92 million compared to TWD 1,930.32 million a year ago. Net income was TWD 215.39 million compared to TWD 186.04 million a year ago. Basic earnings per share from continuing operations was TWD 0.77 compared to TWD 0.67 a year ago. Diluted earnings per share from continuing operations was TWD 0.77 compared to TWD 0.67 a year ago.
For the six months, sales was TWD 3,495.44 million compared to TWD 3,515.16 million a year ago. Net income was TWD 298.08 million compared to TWD 213.15 million a year ago. Basic earnings per share from continuing operations was TWD 1.07 compared to TWD 0.76 a year ago. Diluted earnings per share from continuing operations was TWD 1.07 compared to TWD 0.76 a year ago.
Hota Industrial Mfg. Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of gears and axles for automobiles and motorcycles. The Companyâs primary products include gears and axles for motorcycles, gear shafts, gearbox parts, differentials and torque transfer systems for heavy duty trucks, slowdown parts, planetary gear sets for auto gearboxes, gears and axles for heavy locomotives, gears and axles for oil pumps, as well as gearbox parts for electric cars. The Company mainly distributes its products in American, Mainland China and Taiwan.