Tbi Motion Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Tbi Motion 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 743.59 million compared to TWD 991.04 million a year ago. Net loss was TWD 30.85 million compared to net income of TWD 54.03 million a year ago. Basic loss per share from continuing operations was TWD 0.32 compared to basic earnings per share from continuing operations of TWD 0.57 a year ago. Diluted loss per share from continuing operations was TWD 0.32 compared to diluted earnings per share from continuing operations of TWD 0.57 a year ago.
For the six months, sales was TWD 1,479.65 million compared to TWD 1,775.01 million a year ago. Net income was TWD 9.61 million compared to TWD 151.87 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to TWD 1.61 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to TWD 1.61 a year ago.
TBI MOTION TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of ball screws, linear slides and ball splines. The Company's main products include ball screws, linear slides, ball splines, linear bearings, couplings and screw support seats. The Company distributes its products in domestic market and to overseas markets, such as the rest areas of Aisa, Europe and the Americas.