Kinik Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 31, 2024 at 03:35 am EDT
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Kinik Company reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was TWD 1,731.11 million compared to TWD 1,575.06 million a year ago. Net income was TWD 253.67 million compared to TWD 221.3 million a year ago. Basic earnings per share from continuing operations was TWD 1.75 compared to TWD 1.54 a year ago. Diluted earnings per share from continuing operations was TWD 1.69 compared to TWD 1.52 a year ago.
For the six months, sales was TWD 3,326.29 million compared to TWD 3,137.57 million a year ago. Net income was TWD 510.36 million compared to TWD 400.06 million a year ago. Basic earnings per share from continuing operations was TWD 3.52 compared to TWD 2.78 a year ago. Diluted earnings per share from continuing operations was TWD 3.39 compared to TWD 2.74 a year ago.
KINIK COMPANY is a Taiwan-based company mainly engaged in the manufacture and sales of traditional grinding wheels, diamond tools and reclaimed wafers. The Companyâs products consist of traditional products, including traditional grinding wheels, resin grinding wheels and diamond cutting blades, which are applied in machinery parts, steels, molds, semiconductor packaging, quartz products and glass products; diamond products, including diamond disks, which are applied in wafers, dynamic random access memories (DRAMs) and hard discs; wafer products, which are applied in integrated circuit (IC) production, as well as mold lens products, which are applied in mobile phones, digital cameras, optical communication receivers, mini projectors, monitors and medical equipment. The Company distributes its products mainly in Taiwan and the rest of Asia.
KINIK COMPANY