Tbi Motion Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:55 pm EST
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Tbi Motion Technology 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 630 million compared to TWD 862.68 million a year ago. Net income was TWD 28.07 million compared to TWD 107.66 million a year ago. Basic earnings per share from continuing operations was TWD 0.3 compared to TWD 1.14 a year ago. Diluted earnings per share from continuing operations was TWD 0.28 compared to TWD 1.14 a year ago.
For the nine months, sales was TWD 2,109.65 million compared to TWD 2,637.69 million a year ago. Net income was TWD 37.67 million compared to TWD 259.53 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to TWD 2.76 a year ago. Diluted earnings per share from continuing operations was TWD 0.4 compared to TWD 2.75 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.