Jenn Feng Industrial Tools Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Jenn Feng Industrial Tools 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 55.77 million compared to TWD 55.52 million a year ago. Net income was TWD 19.63 million compared to TWD 8.67 million a year ago. Basic earnings per share from continuing operations was TWD 0.3662 compared to TWD 0.4085 a year ago.
For the six months, sales was TWD 108.63 million compared to TWD 116.89 million a year ago. Net income was TWD 6.95 million compared to net loss of TWD 21.84 million a year ago. Basic earnings per share from continuing operations was TWD 0.169 compared to basic loss per share from continuing operations of TWD 1.0846 a year ago.
Jenn Feng Industrial Tools Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of electrical tools and lamps. The main products include electric drills, grinding machines, automotive lamps and other components. Electric drills are mainly used for drilling, drilling, or screw locking in woodworking materials, metal, and cement walls. The grinding machines are mainly used for surface polishing of woodworking and metal materials. Automobile lamps are mainly used for reading lighting on the car to improve the visibility of the car at night or in bad weather. The Company also provides replacement of damaged hand tool parts.
JENN FENG INDUSTRIAL TOOLS CO., LTD. 
