Kao Fong Machinery Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 06:09 pm EDT
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Kao Fong Machinery Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 487.86 million compared to TWD 581.64 million a year ago. Revenue was TWD 487.59 million compared to TWD 581.41 million a year ago. Net income was TWD 12.21 million compared to net loss of TWD 16.04 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to basic loss per share from continuing operations of TWD 0.15 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to diluted loss per share from continuing operations of TWD 0.15 a year ago.
For the six months, sales was TWD 1,015.16 million compared to TWD 885.55 million a year ago. Revenue was TWD 1,013.57 million compared to TWD 884.55 million a year ago. Net income was TWD 24.74 million compared to net loss of TWD 53.43 million a year ago. Basic earnings per share from continuing operations was TWD 0.23 compared to basic loss per share from continuing operations of TWD 0.49 a year ago. Diluted earnings per share from continuing operations was TWD 0.23 compared to diluted loss per share from continuing operations of TWD 0.49 a year ago.
KAO FONG MACHINERY CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machine tools and machinery equipment. The Company's products mainly consist of vertical machining centers, horizontal machining centers, as well as gantry-type processing centers. The Company's products are applied in the processing of precision metal components, automotive components, electronic components, molds, semiconductor products and others. The Company distributes its products in Taiwan, the Americas and the rest of Asia.
KAO FONG MACHINERY CO., LTD 
