Topoint Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 02:19 am EDT
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Topoint 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 748.98 million compared to TWD 887.48 million a year ago. Revenue was TWD 736.82 million compared to TWD 872.8 million a year ago. Net income was TWD 34.59 million compared to TWD 43.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 compared to TWD 0.3 a year ago. Diluted earnings per share from continuing operations was TWD 0.24 compared to TWD 0.3 a year ago.
For the nine months, sales was TWD 2,000.68 million compared to TWD 2,725.83 million a year ago. Revenue was TWD 1,966.04 million compared to TWD 2,682.99 million a year ago. Net loss was TWD 72.56 million compared to net income of TWD 268.89 million a year ago. Basic loss per share from continuing operations was TWD 0.51 compared to basic earnings per share from continuing operations of TWD 1.89 a year ago.
TOPOINT TECHNOLOGY CO., LTD. is principally engaged in the manufacture and distribution of precision processing tools for printed circuit boards (PCBs). The Companyâs main products consist of drill bits, including straight drill, under cut drill and inverse drill types; router bits, including diamond cut, chip break and two blade router types, as well as slot drills and milling cutters. Its products are applied primarily in computer, communication and consumer electronic (3C) industries for the processing and cutting of integrated circuit (IC) substrates, high density interconnect (HDI) PCBs and traditional PCBs, among others. The Company distributes its products primarily in Taiwan, Mainland China and other regions.
TOPOINT TECHNOLOGY CO., LTD. 
