Vate Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:58 am EST
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Vate 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 78.49 million compared to TWD 65.19 million a year ago. Net income was TWD 4.74 million compared to net loss of TWD 4.24 million a year ago. Basic earnings per share from continuing operations was TWD 0.06 compared to basic loss per share from continuing operations of TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.06 compared to diluted loss per share from continuing operations of TWD 0.05 a year ago.
For the nine months, sales was TWD 198.87 million compared to TWD 218.9 million a year ago. Net loss was TWD 11.23 million compared to net income of TWD 5.07 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to basic earnings per share from continuing operations of TWD 0.06 a year ago. Diluted loss per share from continuing operations was TWD 0.14 compared to diluted earnings per share from continuing operations of TWD 0.06 a year ago.
VATE TECHNOLOGY CO., LTD. is a Taiwan-based company primarily engaged in central processing unit (CPU) testing business. The Company mainly provides logic testing services, including the testing of logic ICs, such as high-pin-count chipset ICs and communication ICs; power IC testing services, and CPU testing services, including the testing services of CPUs and peripheral products. The Company distributes its products in domestic market and to overseas markets.