King Slide Works Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:21 am EST
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King Slide Works Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 1,423.01 million compared to TWD 2,150.39 million a year ago. Net income was TWD 981.98 million compared to TWD 1,482.34 million a year ago. Basic earnings per share from continuing operations was TWD 10.31 compared to TWD 15.56 a year ago. Diluted earnings per share from continuing operations was TWD 10.26 compared to TWD 15.43 a year ago.
For the nine months, sales was TWD 3,898.18 million compared to TWD 5,810.54 million a year ago. Net income was TWD 2,154.35 million compared to TWD 3,391.27 million a year ago. Basic earnings per share from continuing operations was TWD 22.61 compared to TWD 35.59 a year ago. Diluted earnings per share from continuing operations was TWD 22.34 compared to TWD 35.06 a year ago.
KING SLIDE WORKS CO.,LTD. is a Taiwan-based company principally engaged in the research, design, manufacture and sales of guide rails for servers and peripheral components. The Companyâs main products include various types of guide rails for servers and peripheral equipment, multi-purpose hinges, slides and other components. The Company's guide rails products are mainly used in servers, network communications, cloud data centers and peripheral equipment, as well as kitchenware products, and hinges and slides are used in furniture, steel cabinets, tool cabinets, office furniture, wooden furniture and other interior decoration and furnishing products. The Company distributes its products in domestic market and to overseas markets, including the United States, mainland China and others.