Trinity Precision Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 03:17 am EDT
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Trinity Precision Technology Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 238.39 million compared to TWD 338.85 million a year ago. Net loss was TWD 9.9 million compared to net income of TWD 25.12 million a year ago. Basic loss per share from continuing operations was TWD 0.11 compared to basic earnings per share from continuing operations of TWD 0.29 a year ago. Diluted loss per share from continuing operations was TWD 0.11 compared to diluted earnings per share from continuing operations of TWD 0.29 a year ago.
For the six months, sales was TWD 472.78 million compared to TWD 649.4 million a year ago. Net loss was TWD 54.32 million compared to net income of TWD 53.94 million a year ago. Basic loss per share from continuing operations was TWD 0.63 compared to basic earnings per share from continuing operations of TWD 0.62 a year ago. Diluted loss per share from continuing operations was TWD 0.63 compared to diluted earnings per share from continuing operations of TWD 0.62 a year ago.
Trinity Precision Technology Co., Ltd. is a Taiwan-based company principally engaged in the smelting, production, processing, casting and sales of mechanical materials. The Company's main products include automobiles and motorcycles, power tools, industrial machinery, household appliances and supplies and others. The Company's products are mainly used in transportation tools, industrial machinery, home appliances, hardware supplies, national defense, medical industry, nuclear energy and aerospace. The Company distributes its products mainly to overseas markets.