Newmax Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023
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Newmax Technology 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 355.1 million compared to TWD 422.13 million a year ago. Net loss was TWD 149.7 million compared to TWD 109.69 million a year ago. Basic loss per share from continuing operations was TWD 0.81 compared to TWD 0.6 a year ago. Diluted loss per share from continuing operations was TWD 0.81 compared to TWD 0.6 a year ago.
For the six months, sales was TWD 672 million compared to TWD 977.86 million a year ago. Net loss was TWD 360.53 million compared to TWD 227.38 million a year ago. Basic loss per share from continuing operations was TWD 1.96 compared to TWD 1.23 a year ago. Diluted loss per share from continuing operations was TWD 1.96 compared to TWD 1.23 a year ago.
Newmax Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of lens products. The Company's products include lens units for notebook computers and tablets, lenses for mobile phones, game machines, automobiles as well as lenses units for personal computers (PCs) and digital video (DV) cameras, among others. Its products are applied primarily in the manufacture of cameras, mobile phones, computers, telescopes, liquid crystal display (LCD) projectors, digital video disk (DVD) readers, scanners and facsimile machines, among others. The Company distributes its products within domestic market and to overseas markets.