Sumeeko Industries Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:23 am EDT
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Sumeeko Industries 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 696.17 million compared to TWD 713.28 million a year ago. Net income was TWD 83.01 million compared to TWD 76.66 million a year ago. Basic earnings per share from continuing operations was TWD 2.05 compared to TWD 2.14 a year ago. Diluted earnings per share from continuing operations was TWD 1.96 compared to TWD 1.84 a year ago.
For the six months, sales was TWD 1,430.42 million compared to TWD 1,380.02 million a year ago. Net income was TWD 164.88 million compared to TWD 133.27 million a year ago. Basic earnings per share from continuing operations was TWD 4.1 compared to TWD 3.73 a year ago. Diluted earnings per share from continuing operations was TWD 3.9 compared to TWD 3.21 a year ago.
Sumeeko Industries Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive fasteners and components. The Company's main products categorized into automotive parts and mechanical parts, including automotive standard fasteners, as well as threaded fasteners used in electronics, construction, furniture and other industries. The Company distributes its products mainly in overseas markets, such as the Americas and Europe.