TURVO International Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 11:34 pm EDT
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TURVO International 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 794.76 million compared to TWD 851.11 million a year ago. Net income was TWD 135.28 million compared to TWD 169.66 million a year ago. Basic earnings per share from continuing operations was TWD 2.24 compared to TWD 2.81 a year ago. Diluted earnings per share from continuing operations was TWD 2.24 compared to TWD 2.81 a year ago.
For the six months, sales was TWD 1,575.11 million compared to TWD 1,750.24 million a year ago. Net income was TWD 232.69 million compared to TWD 350.54 million a year ago. Basic earnings per share from continuing operations was TWD 3.86 compared to TWD 5.81 a year ago. Diluted earnings per share from continuing operations was TWD 3.85 compared to TWD 5.79 a year ago.
TURVO International Co., Ltd. is a Taiwan-based company principally engaged in the processing, manufacturing and trading of precision metal components. The Company mainly provides precision metal components, which are applied in the manufacturing automotive engine systems, automotive transmission systems, automotive chassis systems, medical equipment, industrial communication and aerospace connectors and optical products, among others. The Company distributes its products within domestic market, and to overseas markets, including the rest of Asia, the Americas and Europe.