Sinmag Equipment Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was TWD 876.96 million compared to TWD 791.02 million a year ago. Revenue was TWD 882.61 million compared to TWD 796.29 million a year ago.

Net income was TWD 115.8 million compared to TWD 57.53 million a year ago. Basic earnings per share from continuing operations was TWD 2.31 compared to TWD 1.15 a year ago. Diluted earnings per share from continuing operations was TWD 2.3 compared to TWD 1.14 a year ago.