Launch Technologies Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 07, 2018 at 03:42 pm EST
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Launch Technologies Co., Ltd. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was TWD 400.683 million compared to TWD 342.918 million a year ago. Operating income was TWD 24.491 million compared to TWD 409,000 a year ago. Net income was TWD 22.287 million compared to TWD 289,000 a year ago. Basic earnings per share was TWD 0.44 compared to TWD 0.01 a year ago. Diluted earnings per share was TWD 0.43 compared to TWD 0.01 a year ago. For the nine months, sales was TWD 1,126.211 million compared to TWD 1,106.727 million a year ago. Operating income was TWD 27.950 million compared to TWD 8.517 million a year ago. Net income was TWD 32.158 million compared to net loss of TWD 7.706 million a year ago. Basic earnings per share was TWD 0.63 compared to basic loss per share of TWD 0.15 a year ago.
Launch Technologies Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and distribution of golf balls. The Company provides two-piece golf balls, three-piece golf balls, four-piece golf balls and other specific standard golf balls, including practice golf balls, soft lady golf balls, dual core balls and multilayer golf balls, among others. It distributes its products primarily in Asia and the Americas, among others.