Kintech Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 05:13 pm EDT
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Kintech Electronics 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 68.25 million compared to TWD 156.06 million a year ago. Net loss was TWD 28.73 million compared to net income of TWD 10.46 million a year ago. Basic loss per share from continuing operations was TWD 0.82 compared to basic earnings per share from continuing operations of TWD 0.3 a year ago. Diluted loss per share from continuing operations was TWD 0.82 compared to diluted earnings per share from continuing operations of TWD 0.3 a year ago.
For the nine months, sales was TWD 244.17 million compared to TWD 468.41 million a year ago. Net loss was TWD 76.57 million compared to net income of TWD 32 million a year ago. Basic loss per share from continuing operations was TWD 2.18 compared to basic earnings per share from continuing operations of TWD 0.91 a year ago. Diluted loss per share from continuing operations was TWD 2.18 compared to diluted earnings per share from continuing operations of TWD 0.91 a year ago.
KINTECH ELECTRONICS CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of printed circuit boards. The Company's main products include single-sided printed circuit boards, double-sided printed circuit boards, multilayer printed circuit boards and raw materials. The Company's products are mainly used in information electronics, communications products and consumer electronics, as well as the areas of aerospace and national defense. The Company distributes its products in domestic market to overseas markets.