Tongtai Machine & Tool Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:53 am EDT
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Tongtai Machine & Tool 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 2,008.63 million compared to TWD 2,269.28 million a year ago. Net loss was TWD 15.85 million compared to net income of TWD 6.72 million a year ago. Basic loss per share from continuing operations was TWD 0.06 compared to basic earnings per share from continuing operations of TWD 0.03 a year ago. Diluted loss per share from continuing operations was TWD 0.06 compared to diluted earnings per share from continuing operations of TWD 0.03 a year ago.
For the six months, sales was TWD 3,744.37 million compared to TWD 3,932.85 million a year ago. Net loss was TWD 22.03 million compared to net income of TWD 9.9 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 0.04 a year ago. Diluted loss per share from continuing operations was TWD 0.09 compared to diluted earnings per share from continuing operations of TWD 0.04 a year ago.
TONGTAI MACHINE & TOOL CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of machines. The Company provides comprehensive cutting machining centers for processing high precision metal components, computer numeric control (CNC) lathes for processing high precision metal components, as well as drilling machines and forming machines for drilling and forming printed circuit board (PCB). The Company also provides photoelectric products for the production of flat panel display (FPD) panels, as well as related machinery maintenance services. It distributes its products in Taiwan, the rest of Asia, Europe and other markets.