GEM Terminal Industry Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 05:21 pm EDT
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GEM Terminal Industry 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 809.72 million compared to TWD 1,267.01 million a year ago. Net loss was TWD 3 million compared to net income of TWD 89.94 million a year ago. Basic loss per share from continuing operations was TWD 0.02 compared to basic earnings per share from continuing operations of TWD 0.54 a year ago. Diluted loss per share from continuing operations was TWD 0.02 compared to diluted earnings per share from continuing operations of TWD 0.54 a year ago. Basic loss per share was TWD 0.02 compared to basic earnings per share of TWD 0.54 a year ago. Diluted loss per share was TWD 0.02 compared to diluted earnings per share of TWD 0.54 a year ago.
For the six months, sales was TWD 1,650.36 million compared to TWD 2,199.87 million a year ago. Net income was TWD 2.68 million compared to TWD 147.1 million a year ago. Basic earnings per share from continuing operations was TWD 0.02 compared to TWD 0.89 a year ago. Diluted earnings per share from continuing operations was TWD 0.02 compared to TWD 0.89 a year ago. Basic earnings per share was TWD 0.02 compared to TWD 0.89 a year ago. Diluted earnings per share was TWD 0.02 compared to TWD 0.89 a year ago.
Gem Terminal Ind. Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of connectors. The Company's products are mainly used in the manufacturing of electronic communication, automobile transportation and electric appliance plugs. The Company is also engaged in the provision of raw materials, ceramic ferrules, bushings and molds. The Company mainly distributes its products in Mainland China and Taiwan markets.